Hedge fund manager Bill Ackman kicked off fundraising for a new U.S.-listed closed-end fund on Tuesday, an effort people familiar with the matter say could bring in as much as $20 billion, more than double his assets under management, some of that from retail investors.
Last month, Ackman sold 10% of his firm, Pershing Square Capital Management, which has posted mostly strong double digit returns since 2019 after a spell of losses.
Source: REUTER
