Pershing Square is increasing its exposure to Howard Hughes Corp.

Investor activist William Ackman has acquired new stakes in real estate company Howard Hughes.

The investment firm now owns a 14.8% stake in Hughes or 6.4 million units, including 2.2 million ordinary shares and 4.2 million forward contracts.

The previous exposure of Pershing was 12.6% in a package of ordinary shares and swaps.

 Trader Martin Nikolov

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