Pershing

Media & Entertainment

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

Photo via Christine Olsson/ZUMAPRESS/Newscom

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
Photo by Tupungato via iStock

Hedge Funds

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

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

2 min read
Photo by Senate Democrats via CC BY 2.0

Hedge Funds

Pershing Square to Abandon Delaware Incorporation, Meta May Follow

Billionaire Bill Ackman is making Pershing the latest high-profile company to depart longtime corporate haven Delaware.

2 min read

Investments

Bill Ackman’s Pershing USA Officially Slashes IPO Fundraising Target to $2 Billion

Photo by Senate Democrats via CC BY 2.0

Ackman’s Pershing Square Capital Management announced that its planned IPO for a US closed-end fund will raise $2 billion.

2 min read

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