Closed-end funds (CEFs)—our favorite 8%+ yielding investments—have a new (and popular!) fan. And he’s making a big move I see sending CEF prices higher. Bill Ackman Discovers What We’ve Known for Years I’m talking about Bill Ackman, one of the best-known activist investors out there. You’ve probably seen the head of Pershing Square Capital Management, a hedge fund with $18.3 billion in assets, in the media. He’s a regular commentator. Ackman has scored some big wins in his career, such as his 2005 investment in The Wendy’s Co. (WEN) . But he’s probably better known for his dramatic misses, like his losing bid to change the board of directors at Target Corp. … Read more