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Top related persons:
Bill Ackman - 4 Ackman - 3 Bill Ackman's - 2 Pershing - 2 David Rubenstein - 1 Berkshire Hathaway - 1 Seth Klarman's - 1 ” Ackman - 1
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New York Europe PSUS Seth Klarman's Boston Israel North America Las Vegas , Nevada U.S
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Pershing - 4 USA - 4 Capital Management - 3 New York Stock Exchange - 3 Pershing Square Holdings - 2 Bill Ackman's Pershing - 1 Berkshire - 1 Bloomberg - 1

Search resuls for: "PSUS"


9 mentions found


☆ Bill Ackman's Pershing Square withdraws IPO as demand for offering waned
  + stars: | 2024-07-31 | by ( Hakyung Kim | ) www.cnbc.com   time to read: +1 min
Bill Ackman, chief executive officer of Pershing Square Capital Management LP, speaks during an interview for an episode of "The David Rubenstein Show: Peer-to-Peer Conversations" in New York, US, on Tuesday, Nov. 28, 2023. Bill Ackman's Pershing Square USA withdrew plans for a an initial public offering after investor demand appeared to wane from original expectations. As of the end of June, Pershing Square had $18.7 billion in assets under management. Most of the money was under Pershing Square Holdings, a closed-end fund that trades in Europe. Ackman's move to publicly list Pershing Square was seen as a way to capitalize on his growing presence among retail investors.
Persons: Bill Ackman, David Rubenstein, Bill Ackman's, Berkshire Hathaway, Seth Klarman's Organizations: Pershing, Capital Management, Bill Ackman's Pershing, USA, Berkshire, Pershing Square Holdings, Bloomberg, U.S Locations: New York, PSUS, Europe, Seth Klarman's Boston
☆ Bill Ackman won’t raise anything close to what he planned for his hedge fund IPO
  + stars: | 2024-07-30 | by ( Krystal Hur | ) edition.cnn.com   time to read: +2 min
New York CNN —Bill Ackman, billionaire hedge fund manager and chief executive of Pershing Square Capital Management, is seeking $2 billion to take the company’s investment fund public. In a letter to strategic partners last week, Ackman said that he expected to raise between $2.5 billion to $4 billion. The company will offer 40 million shares priced at $50 apiece, according to a Tuesday filing with the US Securities and Exchange Commission. That would be an additional $300 million value for the investment fund, Pershing Square USA. Pershing Square officially hung up its activist megaphone in 2022, opting to work with a small group of companies behind the scenes.
Persons: Bill Ackman, Ackman, ” Ackman, Pershing, — Organizations: New, New York CNN, Pershing, Capital Management, Wall, US Securities and Exchange Commission, Underwriters, Citigroup, Bank of America, Jefferies, USA, New York Stock Exchange, Herbalife, Trump Locations: New York, Israel
☆ Bill Ackman's IPO of Pershing Square closed-end fund is postponed, NYSE says
  + stars: | 2024-07-26 | by ( Yun Li | ) www.cnbc.com   time to read: +3 min
Billionaire investor Bill Ackman is postponing the highly scrutinized listing of Pershing Square's U.S. closed-end fund, according to a notice on the New York Stock Exchange's website. The initial public offering of Pershing Square USA Ltd., with the ticker PSUS, has been delayed until a date to be announced, according to the website. Pershing Square declined to comment further. Most of its capital is in Pershing Square Holdings, a $15 billion closed-end fund that trades in Europe. The publicly traded closed-end fund is expected to invest in 12 to 24 large-cap, investment-grade, "durable growth" companies in North America.
Persons: Bill Ackman, Pershing, Ackman, — CNBC's Leslie Picker Organizations: Pershing Square's U.S, New York Stock, Pershing, USA, Pershing Square Holdings, New York Stock Exchange Locations: Europe, North America
☆ Ackman says his firm will put $500 million into Pershing Square USA
  + stars: | 2024-07-10 | by ( Svea Herbst-Bayliss | ) www.reuters.com   time to read: +2 min
Bill Ackman, chief executive officer and portfolio manager at Pershing Square Capital Management, speaks during the SALT conference in Las Vegas, Nevada, U.S. May 18, 2017. REUTERS/Richard Brian/File Photo Purchase Licensing Rights New Tab , opens new tabNEW YORK, July 10 (Reuters) - Bill Ackman's firm Pershing Square Capital Management will put $500 million into its new U.S.-listed investment holding company, the hedge fund manager said in a presentation on Wednesday. The $500 million anchor investment will be held for at least 10 years, he said. Since its launch two decades ago, Ackman's hedge fund returned 16.5% a year. Had it existed in its current form, Pershing Square USA would have returned 19.4% during that time, he said.
Persons: Bill Ackman, Richard Brian, Bill Ackman's, Ackman, Svea Herbst, Bayliss, David Gregorio Our Organizations: Pershing Square Capital Management, REUTERS, Pershing, Capital Management, USA, New York Stock Exchange, Svea, Thomson Locations: Las Vegas , Nevada, U.S
☆ India looking to merge hydro power units to create single company -minister
  + stars: | 2023-04-03 | by ( Sarita Chaganti Singh | ) www.reuters.com   time to read: +2 min
NEW DELHI, April 3 (Reuters) - The Indian government is considering selling state-owned NTPC Ltd's (NTPC.NS) two hydro power firms to NHPC Ltd (NHPC.NS) to create a single hydro power company that would improve efficiency and cut costs, power minister R K Singh told Reuters. One large hydro power company would help meet high demand at night when solar projects do not run, he said. We are thinking whether these hydro companies can come together as a hydro large PSU. Then it becomes a specialised hydro company," Power and Renewable Energy Minister Singh said in an interview on Monday. The power ministry's proposal to create a single company is aimed at better management and expertise, besides reducing costs and managing related challenges.
☆ Here's what makes cybersecurity giant Palo Alto Networks tick and why we like the stock so much
  + stars: | 2023-03-06 | by ( Zev Fima | ) www.cnbc.com   time to read: +22 min
Palo Alto Networks (PANW) last month had its best single trading day in about a year, exactly one week after the next-generation cybersecurity company became our newest Investing Club holding. Why Palo Alto Networks? PANW YTD mountain Palo Alto Networks (PANW) 1-year performance Palo Alto Networks is a great way to play a secular growth industry. Taking all of these segments together, Palo Alto Networks is a company capable of delivering on every aspect of cybersecurity under one roof. Palo Alto Networks' ESG practices, meanwhile, are overseen by the ESG and Nominating Committee, which provides counsel to the board in these matters.
☆ Goldman Sachs cut CEO David Solomon's pay by 30% in 2022. He made only $25 million.
  + stars: | 2023-01-27 | by ( Britney Nguyen | ) www.businessinsider.com   time to read: +2 min
Goldman Sachs CEO David Solomon took a salary cut in 2022, making just $25 million in compensation. Solomon's annual base salary is $2 million, and he made $23 million in annual variable compensation. Solomon's annual base salary is $2 million, which remains unchanged year-over-year, and he made $23 million in annual variable compensation last year, according to a Securities and Exchange Commission filing. Among some of his notable peers, Solomon's salary for 2022 is the lowest. JPMorgan CEO Jamie Dimon kept his $34.5 million salary, while Morgan Stanley CEO James Gorman took home $31.5 million, a 10% drop from the previous year.
☆ See how Wall Street CEO pay stacks up after a brutal year for investment banking — from David Solomon to Jamie Dimon
  + stars: | 2023-01-27 | by ( Emmalyse Brownstein | ) www.businessinsider.com   time to read: +3 min
The pay cut follows a 20% drop in 2022 revenues and a $3.8B loss in the consumer bank over 3 years. Goldman Sachs CEO David Solomon has taken a 30% pay cut for 2022, according to documents filed by the firm on Friday. Solomon's 2022 compensation includes an annual, unchanging base pay of $2 million in addition to $23 million in bonus, which varies each year. Investment banking revenues are down across Wall Street as M&A dealmaking and IPOs dry up. But Solomon's pay cut stands to be the steepest among his Wall Street CEO peers.
☆ Alphabet links more of CEO Pichai's pay to performance
  + stars: | 2022-12-21 | by ( ) www.reuters.com   time to read: +1 min
Dec 21 (Reuters) - Google-parent Alphabet Inc (GOOGL.O) said on Wednesday it had approved a new equity award for Chief Executive Officer Sundar Pichai that ties more of his pay to performance. The board recognizes Pichai's "strong performance" as CEO, the company said, adding that the vesting of a significant portion of the award would depend on Alphabet's total shareholder return relative to other S&P 100 companies. Alphabet said the award was tweaked to increase the performance stock units (PSUs) to 60% from 43% in 2019, while increasing the performance requirement for the payout. Pichai, who is given an equity award every three years, was granted two tranches of PSUs with a target value of $63 million each. The CEO was also given a grant of $84 million in the form of Alphabet's restricted stock units.
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