The Pershing Square chief told Universal executives about his grandfather's hit song in 1926. They gifted him two records and the sheet music for it.
Ackman's PSTH could have almost $3 billion to pursue another transaction, and he's planning to arm a new company with close to $11 billion.
Ackman's Pershing Square Tontine Holdings (PSTH) is reportedly nearing agreement on a deal valuing the music group at $40 billion.
Ackman's Pershing Square hedge fund cut its stakes in Agilent, Chipotle, Hilton, Lowe's, and Restaurant Brands.
Ackman's Pershing Square Tontine Holdings has been working to buy a piece of the chosen company since early November.
The Pershing Square Capital Management founder also revealed his fund bought a 6% stake in Domino's Pizza.
Bill Ackman told Interactive Investor the Federal Reserve's policy would be partly to blame for inflation and an "explosive GDP recovery" in the US.
The Pershing Square boss said his $2.6 billion pandemic hedge, and plowing more than $2 billion into stocks, generated 70% of the fund's gain in 2020.
Billionaire hedge fund manager Bill Ackman is giving away 26.5 million shares of Coupang, worth $1.113 billion as of Friday's closing price.
Ackman introduced Coupang founder Bom Kim to another of his key early backers, Founders Collective cofounder David Frankel.
Hedge funds raked in big profits in 2020 amid a historically volatile market landscape. The leaders of 15 hedge funds earned a combined $US23 billion last year, according to a Bloomberg report. Listed below are the top 15 earning hedge fund managers of 2020, according to Bloomberg. Sign up here […]
Bill Ackman has insured his Pershing Square hedge fund against a surge in corporate defaults, after making $US2.6 billion on a similar bet in the spring, according to the Financial Times. The Pershing Square chief placed the wager on Monday after news broke of a promising COVID-19 vaccine, he said […]
Billionaire investor Bill Ackman is urging Trump to concede the election and unite the country. “There comes a time in the battle when one should fold the tent,” Ackman tweeted on Saturday. “Instead focus on your accomplishments over the last four years. Think about your legacy and what’s best for […]
Wealth inequality poses a “black-swan-type” risk to investors and US capitalism, but the government can work to solve it, Pershing Square Capital founder Bill Ackman said in a letter to investors. The billionaire defended capitalism as “the best system for maximizing the size of the economic pie,” but noted that […]
Pershing Square Capital founder Bill Ackman consolidated his portfolio in the second quarter by boosting stakes in Restaurant Brands and Lowe’s and cutting out Berkshire Hathaway stock. The fund scooped up more than 10 million more shares of the Burger King-parent last quarter, bringing its total stake to 25.1 million […]
Bill Ackman’s special purpose acquisition company, Pershing Square Tontine Holdings, raised its IPO target to $US4 billion from $US3 billion, according to a Monday regulatory filing. The SPAC now aims to go public with 200 million units priced at $US20 each. The new target should set a fresh record for […]
Bill Ackman’s “blank check” company, called Pershing Square Tontine Holdings, is seeking to raise as much as $US6.45 billion. Three billion dollars of the total will be raised from outside investors through an initial public offering, according to a regulatory filing. Funds associate with Pershing Square will purchase between $US1 […]