Bill Ackman’s blank-check company, Pershing Square Tontine Holdings, started trading Wednesday on the New York Stock Exchange under the ticker “PSTH.” The company popped as much as 9% in its trading debut. “What’s new in our structure is it’s the first SPAC where we’re taking no compensation,” Ackman told CNBC […]
Bill Ackman’s blank-check buyout company is set to stop taking investor orders and begin trading on Wednesday. The special purpose acquisition company is set to break records for IPOs in its category, with plans to offer 200 million units at $US20 each. The $US4 billion fundraising goal was raised from […]
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 […]
Bill Ackman’s Pershing Square Holdings has gained on its 2019 market beat – at the end of March, it had a net gain of 3.3% while the S&P 500 was down 20%. Ackman considered liquidating the portfolio amid the coronavirus-induced meltdown. Instead, he turned $US27 million into $US2.6 billion using […]
Activist investor Bill Ackman considered liquidating his portfolio amid the coronavirus market meltdown, he said in a Monday letter to Pershing Square Holdings investors. He instead opted to bet on a downside hedge that turned $US27 million into $US2.6 billion. Ackman said he unwound the hedges in March, then reinvested […]
Bill Ackman of Pershing Square Holdings told investors Tuesday that he’s taken steps to protect the portfolio amid a volatile market induced by coronavirus panic. The firm’s approach has been to “acquire large notional hedges which have asymmetric payoff characteristics; that is, the risk of loss from these hedges is […]
Billionaire Bill Ackman’s hedge fund returned 58% in 2019. The 2019 performance was a fantastic rebound for the fund, which posted negative net returns each year from 2015 to 2018. Here are the top eight publicly disclosed holdings in Ackman’s hedge fund, according to the most recent SEC filings. Read […]
Bill Ackman’s hedge fund is pacing itself for returns in excess of 50% through 2019 after three consecutive yearly losses. Pershing Square Capital Management posted a 3.4% gross gain for November, or 3.2% after fees. The month’s performance brings its year-to-date return to 51.3% after fees. Pershing Square nearly secured […]
Bill Ackman's Pershing Square is still having...
Bill Ackman, the founder of $12 billion...
Pershing Square Holdings, the publicly traded...