Pershing Square

Bill Ackman’s Pershing Square Capital Management is on the hunt for deals with private, high-quality growth companies through its new Pershing Square SPARC Holdings vehicle, a novel special purpose acquisition rights (SPAR) structure.

Pershing Square Holdings, the FTSE 100-listed hedge fund led by CEO Bill Ackman, is reportedly preparing to move its listing from London to New York, after the fund’s near-9% annual loss saw the firm’s share price fall sharply.

TCI Fund Management has retained Kingsdale Advisors to act as its strategic advisor in its challenge to the Canadian National Railway’s effort to acquire Kansas City Southern, as well as in TCI's efforts to reshape the CN board of directors. ...

As service providers anecdotally report new capital inflows and new hedge fund launches, the industry seems to be kicking off the New Year on a high note. New hedge fund launches increased to the highest level in five quarters in ...

An analysis of quarterly disclosures of hedge fund holdings revealed more than just the traditional FAANG plays in the third quarter, according to a new report from WalletHub. WalletHub looked at the holdings of 400 hedge funds to reveal Amazon, ...

As the performance figures roll in over the last two weeks of the year, the clear winner among hedge fund strategies are equity-oriented strategies. Asian equity managers have stolen the show though with numerous 40%-plus year-to-date returns, according to figures ...

Pershing Square Capital Management has appointed Northern Trust for multi-jurisdictional fund administration services. Northern will support the $9.4 billion hedge fund firm’s Guernsey, Cayman Islands and Delaware domiciled funds. “Northern Trust has all the capabilities we were looking for in ...

Alternative investment managers skipped their summer vacations this year, opting instead for an inflow bonanza that few would have expected at this unprecedented time. All told some of the world’s largest alternative asset managers collected $29 billion in new investor ...

Pershing Square Holdings this week issued private placement debt totaling $200 million for a 12-year maturity with a coupon rate of 3%. According to the announcement the 2032 Bonds, as they are called, will be unsecured and will rank equally ...

There was a noticeable decline in fundraising following the fallout from the COVID-19 pandemic as the second quarter, by many measures, was considerably slower than the first quarter of the year. Though, throughout the second quarter period there was considerable ...