Bill Ackman’s Pershing Square buys Hilton stake

The hedgie’s reasons for getting back into the stock weren’t clear, nor was his timing. Investors were told in a press release that they would get more details during Pershing Square’s investor call next month.


Lyxor expands operations in the LatAm market

In the Andes, Lyxor already offers ETFs to pension funds and has a partnership with LarrainVial for the group to distribute its strategies in Chile, Peru and Colombia. It is now looking to offer liquid alternatives in Chile.