The Strategist

Investor Ackman wants to float his Pershing Square hedge fund in 2025



06/03/2024 - 03:28



According to The Wall Street Journal, which cites reliable sources, billionaire investor Bill Ackman intends to list his hedge fund Pershing Square Capital Management for public offering next year.



Perisha Gates
Perisha Gates
Prior to that, he will close a transaction to sell a portion of Pershing Square, with the fund valued at $10.5 billion in total. This transaction is anticipated to close this week.

Pershing Square's IPO would be the first significant one for hedge funds in many years, if it goes public.

Pershing Square managed $16.3 billion in assets as of the end of April.

The fund was established by Ackman in 2004, and as of January 2024, it was once again ranked in the top 20 hedge funds globally for performance.

source: wsj.com




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