Brits can now get a slice of legendary US hedge fund chief Bill Ackman

LONDON — British investors can now get a piece of legendary US hedge fund titan Bill Ackman, after his firm, Pershing Square Holdings — an offshoot of Ackman’s multibillion dollar Pershing Square Capital Management — completed a listing on the London Stock Exchange.

According to a statement from the London Stock Exchange on Tuesday morning, Pershing Square has launched a £3.6 billion investment fund on the LSE’s Specialist Fund Market.

“We are delighted to join the Main Market of the iconic London Stock Exchange. The listing will help improve market access and liquidity for PSH. We are excited about the future of Pershing Square and are pleased to introduce PSH to a growing base of investors,” Ackman said in a statement alongside the announcement.

Investors will now be able to trade Pershing Square Holdings shares on both the LSE and Euronext Amsterdam with shares quoted and traded in Sterling in London and in dollars in Amsterdam.

The listing also means that Pershing Square Holdings could be eligible to be a constituent of the mid-cap FTSE 250 index as early as June 2017, Ackman told Bloomberg News on Tuesday morning.

Ackman is renowned for his aggressive activist investing, including placing a $US1 billion short-sale bet against the stock of multilevel marketing company Herbalife. Ackman is also known for losing close to $US3 billion on a major position in struggling US drug firm Valeant having spent close to 18 months trying to rescue it.

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