NEW YORK, NY – NOVEMBER 10: CEO and Portfolio Manager Pershing Square Capital Management L.P. … [+] William Ackman speaks at The New York Times DealBook Conference at Jazz at Lincoln Center on November 10, 2016 in New York City. (Photo by Bryan Bedder/Getty Images for The New York Times ) getty When legendary activist
It’s not every day that a firm tells shareholders to disavow any and all comments from its parent company’s largest shareholder and CEO. But that’s exactly what Pershing Square USA, Ltd., did on Thursday when it threw Wall Street speculator Bill Ackman under the bus. In a letter marketing his new closed-end activist hedge fund to
Pershing Square’s Bill Ackman, who is in the middle of a roadshow to take one of his funds public, said Warren Buffett was the inspiration for the way he built and developed his 20-year-old hedge fund management company. In a virtual presentation to pitch his closed-end vehicle Pershing Square USA Ltd., the billionaire investor recalled
NEW YORK, NY – NOVEMBER 10: CEO and Portfolio Manager Pershing Square Capital Management L.P. … [+] William Ackman speaks at The New York Times DealBook Conference at Jazz at Lincoln Center on November 10, 2016 in New York City. (Photo by Bryan Bedder/Getty Images for The New York Times ) getty Closed-end funds (CEFs)—our
By Svea Herbst-Bayliss (Reuters) – Hedge fund manager Bill Ackman kicked off fundraising for a new U.S.-listed closed-end fund on Tuesday, an effort people familiar with the matter say could bring in as much as $20 billion, more than double his assets under management, some of that from retail investors. Last month, Ackman sold 10%