Ackman’s bet on Target also hits Loeb, Sandler

Fri Jul 18, 2008



Activist investor Bill Ackman isn’t the only marquee manager to suffer from his ill-timed bet on the shares of embattled retailer Target.

As first reported in the May edition of Absolute Return, Dan Loeb’s Third Point and Ricky Sandler’s Eminence Capital invested in the special purpose vehicle Ackman founded last June exclusively to purchase Target....

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