Bill Ackman's Hedge Fund Opens to Retail Investors via IPO
Bill Ackman is opening his hedge fund, Pershing Square Capital Management, to retail investors through a complex IPO. The fund has a 10-year net return of 380% and operates with a concentrated portfolio of 10 to 12 long positions. The IPO involves a new entity, Pershing Square USA, which will trade under the ticker PSUS.
Topics: Bill Ackman hedge fund IPO Pershing Square Capital Management retail investors