Pershing Square Capitalizes New Hedge Fund With Over $1B Ahead Of IPO

Pershing Square Capital L.L.C made several filings with the SEC yesterday. Five of the company's 13D filings reveal the next direction it is heading in in 2013.

Unfortunately, none of the filings mentioned Herbalife Ltd. (NYSE:HLF). That infamous trade, still not proving a big winner for Ackman, is one of the most interesting in the world right now, and will probably form an important mark on the investor's career, no matter what way it shakes out.

The trades logged with the SEC in recent days...