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  "documentTitle": "Pershing Square | Investor Presentation Deck | 62 slides",
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  "authorName": "Pershing Square Holdings",
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  "presentationDate": "2023-02-01 00:00:00",
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  "notes": "The slide highlights high-multiple returns on specific hedging instruments during market volatility.",
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      "text": "Pershing Square’s hedging strategy has generated substantial gains across multiple volatile market environments since the firm’s inception",
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      "text": "Note: The “Multiple of Capital” information is provided for illustrative purposes only... (1) Other bond insurers... (2) Refers specifically... (3) Reflects monetized... (4) Net Multiple of Capital...",
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      "text": "Track Record of Defensive Hedging",
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