Pershing Square Capital Management, L.P. has a 31.7% stake in Howard Hughes (HHC). If you believe Bill Ackman is a smart investor - and he is - 's got to make you... think.
The firm has strong management, a compelling portfolio of strategically-located real estate assets, and is rather cheap, making it a possible value investment.
Ackman serves as director and chairman, has waived all compensation.
FUNanc!al distills the fun in finance and the finance in fun, makes news personal, and helps all reach happiness.