Bill Ackman’s Pershing Square raises $5 billion for new US fund
April 28 (Reuters) – Bill Ackman’s Pershing Square has raised $5 billion for its new closed-end fund that is part of a combined U.S. initial public offering of the alternative asset management company, the firm said on Tuesday. The IPO marks the realization of Ackman’s long‑held dream of a flagship fund listed in New York. The new vehicle is Pershing Square’s first fund without performance fees marketed to both U.S. […]