Pershing

Finance

Ackman’s Pershing Touts Value Investing Amid Bid to Stir Demand for Funds

Photo via Lev Radin/ZUMAPRESS/Newscom

Pershing took on six new holdings in the second quarter including Netflix, Mastercard and Visa, eye care firm Alcon, and S&P Global.

1 min read

Photo via Altruist

Advisor Upside

Digital Custodian Altruist Takes On Schwab, Fidelity With New RIA Model

The affiliate model itself is nothing new, but it’s novel for a custodian.

2 min read
Photo via Christine Olsson/ZUMAPRESS/Newscom

Media & Entertainment

Universal Music Group (Ackman’s Version): Hedge Fund Mogul Makes $63B Takeover Bid

n the proposed deal, UMG would merge with Pershing Square SPARC Holdings, a blank-check special-purpose acquisition rights company.

2 min read
Photo via Kris Tripplaar/Sipa USA/Newscom

Hedge Funds

Bill Ackman’s Pershing Powers Through AI Selloff With a Big Bet Worth Watching

Pershing returned 34% last year, well ahead of the S&P 500’s 17.9% and marking the latest in a near-decade-long streak of besting the index.

2 min read

Hedge Funds

Bill Ackman’s Huge Bet on Hertz May Win a Jackpot if Trade War Drags On

Photo by Tupungato via iStock

Hertz’s recent track record leaves much to be desired: the rental-car company lost nearly $2.9 billion last year.

2 min read

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