Hedge fund billionaire looks to Warren Buffett’s playbook as he reshapes a real estate giant into a diversified, insurance-powered holding company Bill Ackman is making his boldest move yet in a long-term effort to reinvent Howard Hughes Holdings Inc., betting that insurance — not just real estate — will fuel the company’s next chapter of growth. The hedge fund billionaire is backing Howard Hughes’ $2.1 billion acquisition of Bermuda-based specialty insurer Vantage Group Holdings, a deal designed to anchor a broader transformation of the company into a diversified holding platform reminiscent of Berkshire Hathaway’s early evolution. The transaction, funded through … Continue reading Bill Ackman’s $2.1 Billion Insurance Bet Signals New Era for Howard Hughes