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Call him Ahab

9 April 2013 By Agnes T. Crane

The J.C. Penney debacle is just the latest mishap in the sector for the hedge fund manager. Bets on Borders and Target ended badly. Spurning a buyout for J.C. Penney looks increasingly foolish. Ackman is fascinated by retail fortunes, but his is more likely to be made elsewhere.

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