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Pershing Square picks heavyweight non-executive directors

Activist hedge fund, which is led by activist Bill Ackman, has struggled with poor returns in recent years

Pershing Square picks heavyweight non-executive directors

Pershing Square Holdings, the listed hedge fund led by activist investor Bill Ackman, is to recommend shareholders appoint two financial heavyweights to its board, as it struggles with prolonged underperformance.

In a statement, the fund said it would propose Bronwyn Curtis and Richard Wohanka for nomination at the company annual general meeting in Guernsey next month.

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