Tag Archives: Bill Ackman
Pershing Square’s 22% Closed-End Discount Becomes Ackman’s Biggest Allocator Problem:
HedgeCo.Net — Pershing Square used its first earnings season as a public company to concede what closed-end-fund specialists already knew: Pershing Square USA, the $5 billion vehicle listed in April, is trading at a 22% discount to net asset value, […]
Activist Battles: Bolloré Clashes with Pershing over UMG:
(HedgeCo.Net) The battle over Universal Music Group has quickly become one of the most closely watched corporate governance contests in global markets, not only because of the size of the proposed transaction, but because of what it reveals about the […]
Bill Ackman Progress Report One of the Largest Closed-End Fund Launches in History:
(HedgeCo.Net) Bill Ackman has returned to the center of Wall Street’s permanent capital conversation with one of the most closely watched closed-end fund launches in recent history. After years of building Pershing Square into one of the most recognizable activist […]
Ackman’s “Lukewarm” Dual IPO: A $5 Billion Win That Still Carries a Warning:
(HedgeCo.Net) Bill Ackman finally got his public-market moment. But it did not arrive with the force he once imagined. Pershing Square’s long-awaited combined public offering raised roughly $5 billion, putting Ackman’s investment platform back at the center of Wall Street’s debate […]