Hedge fund Pershing Square takes stake in General Growth Properties

December 2008
Las Vegas Business Press (10712186);12/1/2008, Vol. 25 Issue 48, pP22
The article reports that New York-based hedge fund Pershing Square Capital Management has purchased an interest in up to 20 percent of mall giant General Growth Properties. It is said that more than 98 percent of shares value have been lost by General Growth in 2008. The acquisition by Pershing was made through total-return swaps according to Bloomberg.com.


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