The billionaire hedge fund investor Bill Ackman has been quite successful throughout his career.

Since Ackman launched his main fund, Pershing Square Capital Management, in 2004, Pershing has generated a roughly 17% annualized return versus 10.2% for the broader benchmark S 500 index.

The impressive results and Ackman's superb career have been made possible by several big investment ideas over the last 14 years that made Ackman and Pershing a fortune. Let's take a look at the top three.

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Source Fool.com