Hedge fund manager Bill Ackman / Facebook
Billionaire investor Bill Ackman’s Pershing Square Holdings has divested from the Euronext Amsterdam exchange. The move was made in response to what Ackman has described as the failure of Dutch authorities to adequately respond to an attack on Israelis in Amsterdam last month.
In November, Israeli soccer fans in Amsterdam were assaulted by a large number of locals in what was described by many as a pogrom. They were in the city to support Israel’s soccer club Maccabi Tel Aviv which played a match there. The pogrom expanded to attacks on all things Jewish in the area.
Pershing Square Holdings chairman Rupert Morley explained the decision in a press release saying, “The Board has been monitoring the Company’s listing arrangements for some time and in January 2024 engaged outside advisors to review the Company’s listing on the Euronext Amsterdam in light of the fact that the majority of the trading of PSH’s shares occurs on the London Stock Exchange.”
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“We concluded that delisting from Euronext Amsterdam and consolidating trading on the London Stock Exchange would reduce regulatory complexity and improve liquidity of PSH’s shares which would be to the benefit of PSH shareholders.”
“Concentrating the listing on one exchange, the London Stock Exchange, and leaving a jurisdiction that fails to protect its tourists and minority populations combine both good business and moral principles,” Bill Ackman previously commented about the attacks on X. “We can also save money and improve liquidity for shareholders to boot.”
Bill Ackman is also a supporter of Donald Trump and expects that the more than 100 Israelis held hostage by Hamas terrorists in Gaza will soon be released after Trump threatened to take action if they are not freed by the time he resumes office on January 20.
“I think Donald Trump’s credible threat to our enemies is going to work.’ Ackman tweeted. “I expect we are going to be able to welcome the hostages home before Donald Trump takes office.”
“There is no upside to Iran et al allowing the hostages to be held any longer and there is a real opportunity to build good will with Trump for facilitating their release,” he added. “God bless their return.”
Bill Ackman is the founder and CEO of Pershing Square Capital Management, a hedge fund management company with over $16 billion in assets under management. He is known for his activist investing approach, which involves taking large stakes in companies and pushing for changes in their management or strategies.
Ackman is a graduate of Harvard University, earning both his bachelor’s and MBA degrees from the prestigious institution and has an estimated net worth of about $4 billion. Bill Ackman has also been involved in philanthropy and social activism. He has donated to various causes and recently became more vocal about combating anti-Semitism.
