Pershing Square

In a recent development, Seth Klarman’s Baupost Group has reportedly decided against investing in the forthcoming U.S. closed-end fund by Bill Ackman. What Happened: The Boston-based hedge fund, Baupost Group, has declined to invest in the upcoming fund, according to people familiar with the...

The initial public offering target for Bill Ackman‘s U.S. investment fund, Pershing Square USA, has been drastically reduced by as much as 90%. This comes as the CEO’s comments are disavowed by the fund. What Happened: Ackman, a prominent billionaire hedge fund manager, has cut the...

Bill Ackman, the CEO of Pershing Square, revealed that he was inspired by Warren Buffett‘s career to take his funds public. What Happened: Ackman, who is currently on a roadshow to take Pershing Square USA Ltd. public, cited Buffett’s career as the inspiration behind the development of...

Bill Ackman‘s hedge fund Pershing Square Capital Management will sell a 10% stake of its equity interest ahead of its plans to offer an IPO. What Happened: Pershing Square announced the sale in a statement on Monday morning. Investors were reported to include Arch Capital Group Ltd. (NASDAQ:...

Bill Ackman is preparing to take his hedge-fund firm, Pershing Square, public by next year. What Happened: Ackman is selling a stake in Pershing Square to investors in a funding round, valuing the firm at approximately $10.5 billion. The deal is expected to close soon. As of April, Pershing Square...

Hedge-fund manager Bill Ackman‘s Pershing Square Holdings, Ltd. (OTC:PSHZF) shed shares of a home improvement retailer and reduced its stake in a fast-casual diner, while maintaining most of its other holdings, according to a 13F report filed with the SEC on Wednesday...

Billionaire hedge fund manager Bill Ackman took to X, formerly Twitter, to question the tax exemptions of high-cost private universities amid the ongoing student debt crisis. What Happened: On Sunday, Ackman tweeted about the burden of student loans, specifically referencing the cost of attending...

Billionaire investor Bill Ackman has acquired a significant stake in Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL), drawing parallels to Warren Buffett‘s investment philosophy. What Happened: Ackman’s investment approach aligns with Buffett’s iconic strategy of seizing...

Pershing Capital founder Bill Ackman took losses on Netflix Inc (NASDAQ: NFLX) and confirmed investments in Alphabet Inc (NASDAQ: GOOG) during CNBC’s Delivering Alpha event Thursday. The hedge fund manager said that he believes Google will benefit from the rise of artificial intelligence (AI...

Hedge fund manager Bill Ackman spends a lot of time learning from his mistakes and in a recent interview he discussed how his bets have served as learning opportunities. Reliving Gotham Days: Following a debacle, there may not be a formal postmortem but certainly, there were a lot of...

Billionaire hedge fund manager Bill Ackman, head of Pershing Square Capital Management, said on Friday the government should step in to bail Silicon Valley Bank in the interest of depositors after the SVB Financial Group (NASDAQ:SIVB)-owned financial institution was taken over by the FDIC. The...

Hedge fund manager Bill Ackman is taking on the two largest carbonated beverage companies in the world with a series of tweets aimed at Coca-Cola Inc (NYSE: KO) and PepsiCo (NYSE: PEP). If Ackman takes a short position or pushing for legal challenges, he could now find himself up against one of the...

Pershing Square’s Bill Ackman took to Twitter on Monday to slam PepsiCo (NYSE: PEP) and Coca-Cola Inc. (NYSE: KO) only to be pointed to that his hedge fund’s top holdings distribute the products of these companies. What Happened: Ackman said he is more concerned about the...

Billionaire hedge fund manager and CEO of Pershing Square Holdings Ltd. (OTC: PSHZF) Bill Ackman explained through a series of tweets that the biggest risk to the U.S. economy does not lie in rate hikes by the Federal Reserve, but the inflation that is hurting consumer and business confidence....

Consumer price inflation data set a new 40-year high in June, according to the U.S. Labor Department. Market Prices In Aggressive Hikes: Following the June inflation data, short-term fed funds futures rose, suggesting a peak fed funds rate of 3.68% by the end of 2022, said Bill Ackman, founder of...