Pershing Square Capital’s Bill Ackman looks to raise capital through IPO

June 20th, 2011
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Bill Ackman, founder and CEO of hedge fund Pershing Square Capital, is considering raising money for a new fund launch by executing an IPO, according to the NY Times DealBook. While Pershing Square Capital would remain private, the new fund would be public and provide Mr. Ackman a more stable, permanent capital base.

Pershing Square Capital Management’s publicly-listed fund idea is seen as a solution to the problem of the waves of redemption requests filed by panicky investors at the slightest hint of a downturn. It would also allow Bill Ackman to set aside less money to fill redemption requests, which means he could more capital to work.
For Detailed Investor Profiles on these Investors, click below:
Pershing Square Capital Management
Related People: Doreen Mochrie; Nicholas Botta; Roy J. Katzovicz; Scott Ferguson; William 'Bill' Ackman
Related Entities: Leucadia Corporation (NYSE: LUK); Pershing Square Capital; Pershing Square IV; Pershing Square LP
Related Article Tags: Investment Management, Fund Manager and General Financial News; Hedge Fund Launches and Hedge Fund Closings

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