Ackman says his plans for Howard Hughes won't impact how his portfolios invest

Reuters

02-19

Ackman says his plans for Howard Hughes won't impact how his portfolios invest

NEW YORK, Feb 19 (Reuters) - Billionaire investor Bill Ackman's plans to turn real estate company Howard Hughes Holdings HHH.N into a diversified holding company will not impact how his investment portfolios buy and sell stakes in companies.

Ackman's flagship Pershing Square Holdings PSHP.L portfolio will continue to buy large stakes in large companies while Howard Hughes will buy controlling stakes in small companies, he explained on a conference call.

"These are two different worlds," he added, noting it is possible to pursue both types of investment strategies.

(Reporting by Svea Herbst-Bayliss)

((svea.herbst@thomsonreuters.com; +617 233 2138; Reuters Messaging: svea.herbst.thomsonreuters.com@reuters.net))

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