Bill Ackman Took New Position in United Technologies
Bill Ackman, the prominent activist investor and the founder and CEO of Pershing Square Capital Management, recently disclosed in an interview with CNBC that he has taken a new position in United Technologies (UTX). Ackman believes United Technologies is a “great” company. Three months ago, he closed his long position in Valeant Pharmaceuticals (VRX). Bad bets on these two stocks were costly for Pershing Square Capital Management in 2017.