Bill Ackman Going Activist On Unnamed Large Cap

Bill Ackman's Pershing Square is planning to come out of hibernation. The activist investor sent out a letter that told clients that the fund was raising money to acquire a significant stake in a large cap company.

The letter to investors said that the firm intends to raise money for a single stock fund which will acquire a +5 percent stake in a large sized U.S. company, reports Katherine Burton for Bloomberg News. The company remains unnamed and there is no indication as to what this secretive company's business is. According to the letter,...