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News  ›  The Motley Fool

The "Next Berkshire Hathaway" Just Made a $2 Billion Move

The Motley Fool Logo The Motley Fool By Matt Frankel, Cfp
The

Billionaire hedge fund manager Bill Ackman has invested in real estate developer Howard Hughes Holdings with the goal of transforming it into a modern-day Berkshire Hathaway-style conglomerate. Howard Hughes recently announced its first major step toward realizing this vision with a significant $2 billion move.

Insights
HHH   positive

The company is receiving significant investment from a prominent billionaire investor with a clear strategic vision to expand its focus and transform it into a major conglomerate, positioning it for future growth and relevance.