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Funds News

Ackman's Pershing Square makes new bet on Agilent Technologies

BOSTON, Dec 9 (Reuters) - Billionaire investor William Ackman’s hedge fund Pershing Square Capital Management has made a new bet on Agilent Technologies Inc, according to a regulatory filing made on Monday.

This marks the second time Ackman’s $7 billion fund has announced a new position this year, following a purchase of Berkshire Hathaway Inc shares earlier this year.

Agilent Technologies’ stock price jumped nearly 5% in after-hours trading after Ackman’s investment was made public. (Reporting by Svea Herbst-Bayliss; editing by Jonathan Oatis)

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