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Today let's look at investing giant Bill Ackman, who founded Pershing. Every quarter, many money managers have to disclose what they've bought and sold, via 13F filings. Their latest moves can ...
Pershing Square's reportable stock portfolio totaled $7.6 billion in value as of June 30, 2012, spread over just a small handful of stocks. Now that's concentration !
Pershing Square, which has a publicly listed fund in Europe, returned 26.7% last year, beating broader stock market gains and bouncing back from a loss in 2022.
In early 2023, BNY Mellon’s Pershing unit announced the addition of real-time payments to its investor portal. [117] In June 2023, BNY Mellon's Pershing X launched wealth management platform Wove. [118] In July 2023, BNY Mellon became an early adopter of Federal Reserve’s instant payment rail, FedNow. [119]
In March 2020, Pershing Square made $2.6 billion (£2.2 billion) betting that there would be a market crash. [35] In November 2020, Pershing Square took a position against corporate credit. [36] [37] In April 2022, Pershing Square lost in excess of $430 million on Netflix after a three month–long bet. [38]
Allspring Global Investments was originally the asset management unit of Wells Fargo known as Wells Fargo Asset Management (WFAM) that was established in 1995. [2]In October 2020, Wells Fargo was exploring the sale of WFAM as part of its efforts to focus more on core competencies and improve its financial performance after the Wells Fargo cross-selling scandal.
In 2012, it advised on Extorre Gold Mines' $404 million sale to Yamana Gold. [29] In 2013, the Canaccord Genuity team put together a consortium of major investors, including Schroders and Threadneedle Investments, in participating in a takeover bid proposal for 316 bank branches of the Royal Bank of Scotland (RBS). Two buyout firms, Apollo ...
Pershing Square, founded in 2004, also is considering an IPO that most likely wouldn't happen until 2025 at the earliest. Bill Ackman selling 10% of Pershing Square in deal that values hedge fund ...