Bill Ackman founded Pershing Square Capital Management, a hedge fund that invests in large-cap ... The deal made him one of the most famous investors on Wall Street once again.

Hedge funds are pooled investment products that seek to profit from valuation discrepancies across a wide range of financial assets and markets. Hedge funds are known for complex risk management ...

While a hedge fund manager has more tools at their disposal, their fees often negate that advantage. In a famous bet between Warren Buffett and a hedge fund manager, an S&P 500 index mutual fund ...