Pershing Square to invest $900m in Howard Hughes.

Pershing Square, an American hedge fund management company, agreed to invest $900m in Howard Hughes, a real estate development and management company. Pershing Square’s investment will enable HHH to become a diversified holding company by acquiring controlling stakes in high-quality, durable growth public and private operating companies while continuing to invest in and grow the Company’s core real estate development and Master Planned Communities business.