Pershing Square Capital's Not so Secret Love of Blackstone

Bill Ackman’s Pershing Square Capital Management, has a track record of hiring officials from The Blackstone Group L.P. (NYSE:BX). The fund had already hired: Ali Namvar, joined in 2006 after working in mergers and acquisitions unit of The Blackstone Group L.P. (NYSE:BX). Shane Dinneen,  hired in 2008 after working in Blackstone's training program for two years. Brian Welch, joined Pershing in 2011 after serving as a private equity analyst at Blackstone for three years.

This time the fresh addition to the Pershing's investment team was Ben Hakim, as indicated in the fund's Q2 letter. Ben Hakim has previously advised on many...