Hedge fund billionaire William Ackman is here to help the little people
Sacramento Bee - August 17, 2014 - August 18, 2014
Sacramento Bee, By Dan Morian
In a Capitol where contentious lobbying battles are de rigueur, the $14 billion hedge fund that goes by the name Pershing Square Capital Management has picked a most unusual fight.
Pershing Square hired the firm headed by former Speaker Fabian Núñez and filed a lobbying statement with the California Secretary of State in which it disclosed one goal: “ Educating state legislature on issues relating to enforcement of consumer protection laws and securities regulations relating to pyramid schemes.”
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