Ackman investors to convert $2.2 bln into permanent capital
November 28, 2012 at 20:18 PM EST
NEW YORK, Nov 28 (Reuters) - Hedge fund manager William Ackman moved one step closer to getting permanent capital for his Pershing Square funds when more than 120 investors committed to convert $2.2 billion of their investments into stakes in Pershing Square Holdings when it goes public.
