Pershing Square

Billionaire hedge fund manager Bill Ackman posted his investment thesis for Hertz Global Holdings, Inc. (NYSE:HTZ) on Thursday, one day after disclosing his fund, Pershing Square, had built a sizable stake in the car rental company.  The Details: Ackman confirmed a previous CNBC report that...

Hertz Global Holdings Inc (NASDAQ:HTZ) shares picked up momentum heading into Wednesday’s close and have continued to move higher in after-hours trading. Here’s a look at what’s going on. What To Know: Hertz shares surged Wednesday morning after Bill Ackman's Pershing Square...

President Donald Trump's newly appointed director of the Federal Housing Finance Agency Bill Pulte on Thursday fired the CEO of mortgage giant Freddie Mac (OTC:FMCC) and placed two senior FHFA officials on administrative leave.  The Details: Pulte fired Freddie Mac CEO Diana Reid and placed...

Editor’s Note: This story has been updated to clarify that Ackman’s Pershing Square plans to increase its Howard Hughes Holdings stake by $1 billion. Howard Hughes Holdings Inc. (NYSE:HHH) experienced an 11.01% increase in its stock price on Monday during pre-market hours, as per...

Pershing Square CEO Bill Ackman questioned the upcoming closure of U.S. stock markets to honor former President Jimmy Carter, sparking debate about the intersection of commerce and presidential remembrance. What Happened: “Why does it honor a former president when we close the stock market?...

Fannie Mae (OTC:FNMA) and Freddie Mac (OTC:FMCC) shares soared on Monday afternoon after billionaire investor Bill Ackman touted the stocks on social media.  The Details: Ackman, CEO of Pershing Square hedge fund, recommended the stocks as an investment with "large asymmetric upside versus downside...

Bill Ackman, the visionary leader of Pershing Square Capital Management, is making headlines in the financial world with a potential strategic shift from a U.S. closed-end fund IPO to the potential launch of a Pershing Square Exchange-Traded Fund (ETF). The development was reported by Bloomberg...

Bill Ackman‘s primary hedge fund wiped out most of its 2024 gains during late July, adding to the billionaire’s troubles after he withdrew his IPO for a US-traded closed-end fund this week due to weak demand. Pershing Square Holdings had gained 8.7% by mid-July but lost 4.7% in the...

In a recent development, Seth Klarman’s Baupost Group has reportedly decided against investing in the forthcoming U.S. closed-end fund by Bill Ackman. What Happened: The Boston-based hedge fund, Baupost Group, has declined to invest in the upcoming fund, according to people familiar with the...

The initial public offering target for Bill Ackman‘s U.S. investment fund, Pershing Square USA, has been drastically reduced by as much as 90%. This comes as the CEO’s comments are disavowed by the fund. What Happened: Ackman, a prominent billionaire hedge fund manager, has cut the...

Bill Ackman, the CEO of Pershing Square, revealed that he was inspired by Warren Buffett‘s career to take his funds public. What Happened: Ackman, who is currently on a roadshow to take Pershing Square USA Ltd. public, cited Buffett’s career as the inspiration behind the development of...

Bill Ackman‘s hedge fund Pershing Square Capital Management will sell a 10% stake of its equity interest ahead of its plans to offer an IPO. What Happened: Pershing Square announced the sale in a statement on Monday morning. Investors were reported to include Arch Capital Group Ltd. (NASDAQ:...

Bill Ackman is preparing to take his hedge-fund firm, Pershing Square, public by next year. What Happened: Ackman is selling a stake in Pershing Square to investors in a funding round, valuing the firm at approximately $10.5 billion. The deal is expected to close soon. As of April, Pershing Square...

Hedge-fund manager Bill Ackman‘s Pershing Square Holdings, Ltd. (OTC:PSHZF) shed shares of a home improvement retailer and reduced its stake in a fast-casual diner, while maintaining most of its other holdings, according to a 13F report filed with the SEC on Wednesday...

Billionaire hedge fund manager Bill Ackman took to X, formerly Twitter, to question the tax exemptions of high-cost private universities amid the ongoing student debt crisis. What Happened: On Sunday, Ackman tweeted about the burden of student loans, specifically referencing the cost of attending...