Connect with us

Hi, what are you looking for?

Jewish Business News

VC, Investments

Bill Ackman Hints at Creating Close-End Fund


Bill Ackman facebook

Bill Ackman is reportedly making plans to raise $4 billion for a close-end fund on the London Stock Exchange, following the lead of other hedge fund managers, like Daniel Loeb and Allan Howard, who have increased their exposure to more permanent investors.

Close-end funds are designed to raise permanent capital for clients, and, unlike hedge funds, it is harder for those holding close-end funds to cash out of their positions. If they wish to do so, they must sell their holdings on the open market.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

Bill Ackman, the activist investor with holdings in Allergan, Air Products and with a controversial short position in Herbalife, indicated in a letter to investors from his hedge fund Pershing Square that he was thinking in this direction. He wrote:

“Because we are an active and influence-oriented investor, we have avoided being fully invested because of  the risk of investor redemptions. We will hopefully begin to address this issue with the initial public offering of Pershing Square Holdings, targeted for later this year, which will increase the amount of capital that is permanent.” Later in the letter, Ackman said that Pershing Square funds had risen 25% so far this year.



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.