Ackman posting a loss after market decline: Rpt

The recent brutal stretch for U.S. stocks has punished hedge fund heavyweight Bill Ackman, according to a letter obtained by Reuters. Ackman told investors that his fund, Pershing Square Capital Management, is posting a loss for the year, reported Reuters on Wednesday. It was not immediately clear when Ackman sent the letter. Read More Here's what the best hedge funds are buying Mondelez ...