REPORT: Bill Ackman has fired some staff

Bill Ackman’s hedge fund has laid off eight lower-level staffers, the Wall Street Journal’s David Benoit just reported.

Pershing Square Capital Management has faced a decline in performance this year. The New York activist firm had its worst year ever last year, slumping 20%.

The layoffs, which took place earlier this week, are not related to the performance drop, according to the Journal.

More to follow

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