Ackman says his firm will put $500 million into Pershing Square USA

Bill Ackman News

Ackman says his firm will put $500 million into Pershing Square USA
Hedge Fund ManagerPershing SquareInvestment Holding Company
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Bill Ackman's firm Pershing Square Capital Management will put $500 million into its new U.S.-listed investment holding company, the hedge fund manager said ...

Bill Ackman , chief executive officer and portfolio manager at Pershing Square Capital Management, speaks during the SALT conference in Las VegasNEW YORK - Bill Ackman 's firm Pershing Square Capital Management will put $500 million into its new U.S.-listed investment holding company, the hedge fund manager said in a presentation on Wednesday.

While he cannot guarantee more strong double digit returns, Ackman said he will do his best with an experienced and long-serving team. The iShares S&P/TSX Capped Energy Index ETF, a basket of Canadian large-cap oil and gas companies, has climbed about 17% year-to-date, outperforming the broader Canadian market.GFL CEO says waste giant being 'significantly undervalued' after buyout reportsSuze Orman: 3 Ways To Prepare for the Upcoming Financial Pandemic

A month after Keith Gill re-emerged online, no one can say where he got the money for a massive stake in online pet store Chewy.

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