Bill Ackman, Ken Griffin to host Milken Institute events in Hamptons
Billionaires Bill Ackman, Ken Griffin and Julia Koch are reportedly planning to open their Hamptons estates next week to host an event for the Milken Institute, a lavish party where attendees pay up to $200,000 to rub shoulders with the biggest names in politics, business, technology and journalism. The event is being described as a […]
Bill Ackman, investors still back Chipotle after CEO Brian Niccol leaves
Chipotle Mexican Grill Inc.’s future may not be as shaky as some shareholders fear following the departure of Chief Executive Officer Brian Niccol, investors said. The burrito chain’s shares fell nearly $6 billion on Tuesday after the company announced that Mr. Nicol would leave the company at the end of the month to become CEO […]
Billionaire Bill Ackman mulls deal to take Seaport developer Howard Hughes’ firm private
Billionaire hedge fund manager Bill Ackman is bouncing back from a failed IPO for Howard Hughes real estate company Pershing Square USA and is eyeing a deal to take the company private. This is shown in regulatory filings. The document, which is published on the Securities and Exchange Commission’s website, is called a Schedule 13D […]
Bill Ackman yanks Pershing Square IPO day after seeking to raise $2B
Activist investor Bill Ackman on Wednesday withdrew a high-profile initial public offering for Pershing Square USA Inc., a day after disclosing that a new portfolio would raise $2 billion in capital that had already been reduced. The billionaire head of Pershing Square Capital Management had initially postponed the launch of his PSUS fund, which was […]
Pro-Trump money man Bill Ackman seeks investors for new fund
Bill Ackman, the billionaire ally of Donald Trump, has asked shareholders of his Pershing Square fund to back a new investment venture that aims to manage about $25 billion in assets. The 58-year-old hedge fund manager, whose net worth is estimated at $9 billion, wrote the letter seeking support for Pershing Square USA, which plans […]
Billionaire investor Bill Ackman starts fundraising for new US fund
See what’s clicking on FoxBusiness.com Hedge fund manager Bill Ackman began raising funds in the U.S. on Tuesday for an initial public offering of a closed-end fund. The effort could raise $20 billion, more than double Mr. Ackman’s assets under management, some of it from individual investors, according to people familiar with the matter. Last […]