Bill Ackman Launches New U.S.-Based Closed-End Fund, Pershing Square USA
Bill Ackman's hedge fund, Pershing Square, has launched a new U.S.-based closed-end fund, Pershing Square USA, which raised $5 billion. The fund offers investors access to Ackman's investment strategy, which has historically delivered strong returns. However, the article suggests there may be a more advantageous option for investors than directly purchasing shares in the new fund.
