Hollencrest Capital Management trimmed its investment position in Mastercard.

1 report, 1 independent Updated Aug 30

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What happened

Some supportReported by 1 outlet

Who's involved

What this event is mainly about

Bill Ackman Mastercard

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Part of

Pershing Square disclosed investment stakes in both Visa Inc. and Mastercard, noting that both companies collect fees on transaction volumes. All 1 developments

The entities involved

Bill Ackman
American billionaire hedge fund manager (born 1966)
- Bill Ackman expressed the belief that the Federal Reserve's recent rate hikes might be a mistake.Sun 12:14
Mastercard
American multinational financial services corporation
- Commonwealth Bank adjusts its payment processing programs following changes in Reserve Bank of Australia's policy, affecting card network fees.Sun 19:22
- PayPal is a San Jose-based company, and its peer-to-peer service Venmo is linked to a Mastercard debit card.Sun 15:49

Coverage

Newest first; wire copies grouped

Aug 30themarketsdaily.com