Pershing SquareTuesday 02 May 2017
Pershing Square Holdings has listed in London in what appears to be a move designed to garner investor support. Unusually for a major hedge fund, it is not seeking to attract wealthy family offices or university foundations; instead, it is looking to attract investment from ETF providers.
With a market capitalisation of some $3.9bn, the closed-end fund or investment trust will become a constituent of the FTSE 250, and will therefore attract index tracking ETFs and funds. The reason for...