Hedge Fund News From HedgeCo.Net

Ackman eyes ways to raise more permanent capital

Reuters – Hedge fund superstar William Ackman is considering creating a different investment vehicle that would allow him to raise fresh permanent capital for his activist bets while still giving investors access to their money, three people familiar with his plans said on Thursday.

Ackman’s Pershing Square Capital Management has made no secret of its desire to increase the amount of its permanent capital. It told investors that the firm is inching closer to finding a solution to reach its goal.

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