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Ackman taps Deutsche Bank, UBS for hedge fund portfolio IPO

Reuters – Billionaire investor William Ackman has tapped Deutsche Bank and UBS to handle the listing of one of his hedge fund portfolios in London later this year, three sources familiar with the matter said on Wednesday.

Ackman had told investors last month he would try to raise permanent capital for his New York-based hedge fund Pershing Square Capital Management’s Pershing Square Holdings fund.

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