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Bill Ackman, founder of Pershing Square Capital Management, has received regulatory approval from the SEC to promote his new fund through tweets. Ackman believes his notoriety will boost the fund, which is geared towards retail investors. An investment manager noted that Ackman can now have direct engagement in the US, which he believes will positively impact the fund's performance. Previously, Ackman was not allowed to tweet about his London-listed fund.
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“The fund is just geared to retail,” said one investment manager who has spoken with Ackman. “He can have direct engagement in the US, that’s why he thinks it will trade up. He wasn’t allowed to tweet about his London-listed fund" https://t.co/YAlTRfb77A
“The fund is just geared to retail,” said one investment manager who has spoken with Ackman. “He can have direct engagement in the US, that’s why he thinks it will trade up. He wasn’t allowed to tweet about his London-listed fund,” added the investor. https://t.co/YAlTRfb77A
