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Billionaire investor Bill Ackman kicks off fundraising for a new US fund under Pershing Square, identified as $PSUS. The roadshow presentation for the fund began recently, with a call scheduled for tomorrow. Ackman aims to leverage his successful track record, with $PSUS delivering returns of approximately 3,500% since 2004, compared to the S&P's 603%. The fund focuses on simple, predictable, free-cash-flow-generative businesses with strong barriers to entry. Ackman is also considering buying portions of $PSHZF's portfolio at a discount to enhance $PSUS's appeal. The goal is to increase assets under management from $20 billion to $45 billion.
Listening to the $PSUS roadshow. Has there ever been an asset manager who has doubled AUM and continued to generate great returns at the scale of what Ackman is trying to do (going from $20bn to $45bn)? Also someone get Ryan Israel another window- he looks a bit morose. https://t.co/4ep4kdbJl1
Key insights from Pershing Square's IPO roadshow presentation: → Since 2004, $PSUS has delivered returns of ~3,500%, compared to the S&P's 603% → Focusing on simple, predictable, free-cash-flow-generative businesses with formidable barriers to entry → A core investment… https://t.co/l8AJ2lmBxy
Bill Ackman kicks off fundraising for new US fund https://t.co/otn538qzHD via @sveaherbst @Reuters #HedgeFunds #ActivistInvestor
