(Reuters) A former partner at Pershing Square Capital Management is preparing to launch a new fund, according to a U.S. regulatory filing.Paul Hilal, who left Pershing Square in January, is launching Mantle Ridge LP, a New York-based investment fund, the filing said.
Hilal was a close lieutenant of Pershing’s founder, William Ackman, and was a driving force behind the activist fund’s investment in railroad operator Canadian Pacific Railway Ltd. After leading a proxy fight against the company that Pershing Square won, Hilal joined CP’s board. He stepped down from that post in January.
