Bill Ackman, Pershing Square Capital Management CEO, speaking at the Delivering Alpha conference in New York City on Sept. 28, 2023.
Billionaire investor Bill Ackman is selling a 10% stake in Pershing Square, aiming to eventually take his investment firm public.
Pershing Square had $18.6 billion in total assets under management as of the end of April.
Most of its capital is in Pershing Square Holdings, a closed-end fund that trades on European stock exchanges.
Ackman has become one of the world's most prominent hedge-fund investors after years of market-topping returns and vocal activist campaigns.
Persons:
Bill Ackman, eyeing, Ackman, Ryan
Organizations:
Pershing, Capital Management, Delivering Alpha, Billionaire, Street Journal, Ryan Israel, Pershing Square Holdings, New York Stock Exchange, Grill, Hilton, Herbalife
Locations:
New York City, U.S, Israel, North America