2017 Pershing Square Challenge: Long Yum China, Short SJM

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Published on May 3, 2017

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On April 19, a team of Columbia Business School students won the first-place prize of $100,000 for their pitch of Yum China (YUMC) stock to a panel of experts led by Bill Ackman, founder and CEO of Pershing Square Capital Management LP, while another team clinched second prize — $50,000 — for their short on Smucker’s (SJM). The first-place winners were Windsor Cristobal ’18, Anji Lin ’18, and Isabella Lin ’18; second-place winners were Nick Briody ’18, Vy Huynh ’18, and Antonio Lequerica ’18.

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