Famous American investor Bill Ackman's Pershing Square Capital Management stated that it will increase its stake in Howard Hughes (HHH.US) to nearly 47%. The company is considering establishing an insurance company and expanding Howard Hughes' business scope.
Pershing Square announced that it will invest $900 million in Howard Hughes, with Ackman returning as Executive Chairman and Ryan Israel appointed as Chief Investment Officer

American investor Bill Ackman’s Pershing Square Capital Management announced that it has increased its stake in Howard Hughes to nearly 47% and plans to invest $900 million to support the company's business expansion and establish an insurance company. Ackman has returned to serve as Executive Chairman, and Ryan Israel has been appointed as Chief Investment Officer

Ackman invests $900 million to increase stake in Howard Hughes to nearly 47%