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Pershing Square

All articles tagged with #pershing square

Ackman weighs standalone vehicle to bet on market complacency
business2 days ago

Ackman weighs standalone vehicle to bet on market complacency

Bill Ackman is in talks to launch a new stand-alone fund that would place asymmetric bets against prevailing market narratives, echoing the pandemic-era doomsday trades that generated huge windfalls for Pershing Square. The strategy would use derivatives and short-term US debt before deploying into large credit and macro bets, potentially via an Amsterdam-listed vehicle, while Ackman also pursues growth ahead of a public listing and broader conglomerate moves amid recent fund-performance headwinds.

Ackman Sees Rare Opportunity to Buy Quality Stocks Amid Market Shakeout
business12 days ago

Ackman Sees Rare Opportunity to Buy Quality Stocks Amid Market Shakeout

Billionaire investor Bill Ackman argues the current market dislocation offers a rare entry point to buy high-quality companies, highlighting Fannie Mae and Freddie Mac as “stupidly cheap” bets and urging investors to ignore macro fears. He cites an asymmetric setup in select names as volatility persists and Pershing Square remains down YTD, with plans to list on the NYSE under ticker PS.

Ackman Takes Pershing Square Public in Dual IPO Push
business1 month ago

Ackman Takes Pershing Square Public in Dual IPO Push

Bill Ackman is pursuing a dual IPO of Pershing Square Inc. and the Pershing Square USA fund on the NYSE, aiming to raise $5–$10 billion for the fund and list the management company; after a failed 2024 listing attempt, he has about $2.8 billion in institutional commitments, with the structure offering investors shares in the management company and testing public appetite for Ackman’s hedge-fund empire, potentially valuing the operation well above prior highs (well over $10 billion) if demand holds.

Ackman’s Pershing Square Moves Toward U.S. IPO With Dual Listing Plan
business1 month ago

Ackman’s Pershing Square Moves Toward U.S. IPO With Dual Listing Plan

Pershing Square Holdings Ltd. filed an S-1 to convert into Pershing Square Inc. and pursue a U.S. initial public offering via a dual listing with Pershing Square USA (PSUS), aiming to raise $5–10 billion with about $2.8 billion already committed. PSUS shares would be priced at $50, and there would be a 20-for-100 distribution of Pershing Square Capital Management stock, with listings on the NYSE under PS and PSUS and underwriters including Citi, UBS, BofA Securities, Jefferies and Wells Fargo.

Ackman Seeks Public Debut for Pershing Square with NYSE Dual Listing
business1 month ago

Ackman Seeks Public Debut for Pershing Square with NYSE Dual Listing

Hedge fund manager Bill Ackman’s Pershing Square filed to list on the NYSE with a dual listing for its common stock and PSUS, aiming to raise $5-10 billion for PSUS at $50 a share and a 20-for-100 exchange ratio, with about $2.8 billion already committed from a mix of family offices, pension funds and ultra‑high‑net-worth investors; the move would give public investors exposure to Ackman’s long‑term, Berkshire Hathaway‑inspired permanent‑capital platform.

Ackman Bets Big on Meta as AI Selloff Tests Markets
business1 month ago

Ackman Bets Big on Meta as AI Selloff Tests Markets

Hedge fund Pershing Square, led by Bill Ackman, posted a 34% return last year and is backing a roughly $2 billion stake in Meta Platforms, arguing that AI-driven efficiency and long‑term upside justify the bet despite an AI-driven market selloff. Ackman positions Meta as a Buffett-like value play at about 27x earnings, noting recent AI spending could pay off over time. The move follows prior bets such as on Amazon, and adds a concentrated, high-conviction stake to Pershing’s portfolio.

Ackman Bets Big on AI Winners Amazon and Meta
business1 month ago

Ackman Bets Big on AI Winners Amazon and Meta

Bill Ackman’s Pershing Square has about 23% of its capital tied up in two AI-focused stocks, Amazon (13% of the portfolio) and Meta Platforms (10%). Wall Street targets suggest roughly 43% upside for Amazon to around $285 and about 32% upside for Meta to roughly $850 over the next year, driven by AI-enabled growth in AWS, e-commerce optimization, and ad-tech innovations. The bets reflect a view that both companies will benefit from AI, with investors often advised to consider small positions.

business1 year ago

Bill Ackman Urges Universal Music to Relocate Listing Amid Amsterdam Tensions

Billionaire Bill Ackman has announced plans to move Universal Music Group's (UMG) listing from Amsterdam to the U.S., citing recent attacks on Israeli soccer fans in Amsterdam as a catalyst. Ackman claims Pershing Square, which owns 10.25% of UMG, has a contractual right to initiate a U.S. listing. However, UMG disputes Ackman's claim, stating that while Pershing can request a U.S. listing, it cannot force UMG to change its domicile or delist from Amsterdam. UMG emphasizes that any decision will prioritize shareholder value.

Bill Ackman Pushes to Relocate Companies from Amsterdam Amid Tensions
business1 year ago

Bill Ackman Pushes to Relocate Companies from Amsterdam Amid Tensions

Billionaire Bill Ackman plans to delist Pershing Square Holdings and move Universal Music Group from Amsterdam following antisemitic attacks on Israeli soccer fans. Ackman cited the recent events as a tipping point for the decision, emphasizing both business and moral reasons for concentrating listings on the London Stock Exchange and relocating to jurisdictions that better protect tourists and minorities.

Ackman to Exit Amsterdam Exchange Amid Antisemitic Concerns
business1 year ago

Ackman to Exit Amsterdam Exchange Amid Antisemitic Concerns

Billionaire hedge fund manager Bill Ackman plans to delist his Pershing Square firm from the Euronext stock exchange in Amsterdam following anti-Semitic attacks on Israeli soccer fans in the Netherlands. Ackman, who is Jewish, cited the failure to protect minority populations as a reason for the move, which aligns with his business and moral principles. He is also in discussions to move Universal Music Group's listing from Amsterdam to the U.S., leveraging his significant stake and board position in the company.

Bill Ackman Eyes IPO and $250B Fund Amid Growing Fame
business1 year ago

Bill Ackman Eyes IPO and $250B Fund Amid Growing Fame

Bill Ackman, known for his activist investing and recent social media prominence, has sold a 10% stake in Pershing Square Capital Management for over $1 billion, valuing the hedge fund at $10 billion. Investors are betting on continued success as Ackman shifts focus to concentrated bets and leverages the firm's publicly listed fund for more predictable revenue.

"Pershing Square Aims for $25B US Fund Raise"
finance1 year ago

"Pershing Square Aims for $25B US Fund Raise"

Bill Ackman's Pershing Square plans to raise $25 billion for a new closed-end fund targeting US retail investors, which would significantly increase the firm's fee-paying assets. The fund, Pershing Square USA Ltd., will list on the New York Stock Exchange and charge a 2% management fee, waived for the first year, with no incentive fee. This move is expected to boost the firm's revenue and attract both retail and institutional investors.

Bill Ackman Plans $10.5B IPO for Pershing Square by 2025
finance1 year ago

Bill Ackman Plans $10.5B IPO for Pershing Square by 2025

Billionaire investor Bill Ackman is set to see his net worth more than double to at least $8.3 billion as his hedge fund Pershing Square raises $1.05 billion in a funding round valuing the firm at $10.5 billion. This increased valuation will also make Pershing's chief investment officer Ryan Israel a billionaire on paper. Pershing Square, which manages $16.3 billion in assets, is expected to go public by 2025.