Ackman's $5B Fund: Free Shares, Berkshire Hathaway Ambitions

Bill Ackman, renowned hedge fund manager, aims to raise $5 billion for a new U.S.-listed fund, with $2 billion from major institutions. This move coincides with Pershing Square Capitals IPO, offering free shares to attract investors. Ackman plans to give away up to 10% of Pershings shares, potentially in the first quarter of next year.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.