FILE PHOTO: William Ackman, founder and CEO of hedge fund Pershing Square Capital Management, speaks during the Sohn Investment Conference in New York
Activist investor William Ackman's Pershing Square Capital Management has acquired a 3.7 percent stake in hotel operator Hilton Worldwide Holdings Inc, the activist hedge fund said on Thursday.

The fund said the 10.9 million Hilton shares represented about 13.9 percent of the net asset value of Pershing Square Holdings Ltd.

(Reporting by Bhargav Acharya in Bengaluru; editing by Patrick Graham)


Source: Reuters