Bloomberg – Bill Ackman, known for investing in companies to press for changes, is considering selling shares in a hedge fund to secure more permanent capital for investments, according to a person familiar with the matter.
An initial public offering of a fund overseas is among the options Ackman, founder of New York-based Pershing Square Capital Management LP, has considered since the start of the year, said the person who asked not to be named because the information is confidential. There are no plans to sell shares in the firm, the person said.
