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Sachem Head Capital Management drops position in Zoetis Inc

Scott Ferguson said on Thursday that his hedge fund firm Sachem Head Capital Management had exited its position in the stock of animal healthcare company Zoetis Inc earlier this year.

Ferguson's firm brought the investment to the attention of Pershing Square's William Ackman and both made an investment in 2014, Ferguson said in an appearance at the SkyBridge Alternatives Conference in Las Vegas.