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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.
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 ...
Billionaire hedge fund manager Bill Ackman said Pershing Square Capital Management no longer has hedges on its portfolio, but still has cash to invest if shares decline further as the coronavirus ...
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 2013, Pershing Square acquired a $2.2 billion stake in Air Products & Chemicals, [24] and nominated Matt Paull to serve on the company's board. [25] Pershing Square sold its stake in 2017. According to a letter cited by Reuters, during Pershing Square’s four-and-half-year investment, APD delivered a 104.7% total shareholder return. [26]
Ferguson, a protégé of Bill Ackman at Pershing Square Capital Management, founded Sachem Head in 2012. [3] The name derives from Sachem Head, an overlook in the Pocumtuck Range in New England. Ernesto Cruz, formerly of JAT Capital and Highline Capital Management, joined Sachem Head in 2013, becoming a partner and an analyst of technology stocks.
This follows Pershing Square’s acquisition of 7.1% of UMG for $2.8 billion, fulfilling Ackman’s stated goal of racking up 10% of UMG’s share capital. Earlier this year, Ackman attempted to ...
Pershing Square Holdings is a large Guernsey investment trust dedicated to long-term investments in North American companies. Established in 2012, the company is a constituent of the FTSE 100 Index .