Bill Ackman's Pershing Square Delays Ipo Of Closed-end Fund: Nyse Site | Seeking Alpha
The eagerly awaited initial debut of billionaire Bill Ackman's U.S. closed-end fund has been postponed, the New York Stock Exchange website showed on Friday. In late June, Pershing Square Capital Management, the investment firm led by Ackman, set an initial offering price for the fund, called Pershing Square USA Ltd., at $50 per share. The fund was expected to raise $2.5B-$4B, but the initial public offering has been delayed until a date to be announced, per the NYSE site. The offering was reportedly scheduled to price on Monday and start trading the next day.
Billionaire Bill Ackman's Pershing Square Usa Postpones Ipo
The billionaire's new investment venture had aimed to manage about $25 billion in assets. :
Pershing Square USA, a fund managed by billionaire Bill Ackman, has postponed its initial public offering, according to a notice on the New York Stock Exchange’s website on Friday.
Macro Hedge Funds To Dump $45B In Equities, Says Morgan Stanley
NEW YORK (Reuters) - Computer-driven macro hedge fund strategies on Wednesday sold $20 billion in equities and are set to shed at least more $25 billion over the next week after the stock rout, in one of the largest risk-unwinding events in a decade, Morgan Stanley said in commentary to institutional clients on Thursday. After disappointing earnings reports from Tesla and Alphabet, investors heavily ditched stocks on Wednesday, with the tech-heavy Nasdaq Composite dropping 3.6% in its worst day since October 2022.
Citadel Boosts Stake In James Dolan's Sphere After Steve Cohen Investment
Citadel's stake in Sphere Entertainment rose from 1.6% to 5.3%, according to SEC filings released on Monday. :
Ken Griffin’s Citadel has boosted its stake in James Dolan’s Sphere Entertainment just weeks after another hedge fund titan, Mets owner Steve Cohen, revealed that he invested in the company. Citadel Advisors upped its stake in the company that owns the revolutionary Las Vegas concert venue to 5.3% from 1.6%, according to SEC filings released on Monday. Since April 1, Citadel has bought up 900,000 additional shares of the publicly-traded company — bringing its total to around 1.5 million shares.
As Smaller Hedge Funds Return Cash, Ex-goldman Sachs Mds And Others Are Precarious
When Eugene King, a Goldman Sachs' managing director and London-based metals and mining analyst, left the bank after a decade in 2020 to join Lijaro Asset Management, he presumably thought it was a good idea. Get Morning Coffee ☕ in your inbox. Sign up here.Lijaro, an equity long short hedge fund founded by ex-Balyasny portfolio manager Stephen Irvine, generated returns of nearly 11% in 2020 according to Bloomberg, followed by nearly 7% in 2021. In March 2024, however, it closed its doors after two years of losses.
Hedge Funds Set New Record In Second Quarter, With $4.31T In Assets
Managers favored strategies that would protect them from economic and political volatility. :
Total hedge funds assets reached a new record of $4.31 trillion in the second quarter of 2024, reports Chicago-based research firm HFRI. The $11 billion jump in assets in the second quarter marked the seventh consecutive quarterly increase for the sector. The increase was driven by both hedge fund performance gains and asset managers positioning themselves to face a complex election cycle and volatile geopolitical environment, according to HFRI. Hedge funds focusing on fixed-income, credit, arbitrage and macro strategies saw the most substantial inflows during the quarter.
George Soros: Billionaire Tycoon George Soros Backs Kamala Harris. Will Democrats Come Under Attack For Soros' Views On Migration? - The Economic Times
George Soros is a billionaire businessman and hedge fund speculator, who is also known for his philanthropy. He has endorsed Kamala Harris in the US Presidential Election 2024.
Billionaire Investor Bill Ackman Has A New Ipo - Here's What You Need To Know About It | Nasdaq
Billionaire hedge fund manager Bill Ackman is launching a new investment fund called Pershing Square USA, which will trade on the New York Stock Exchange under the ticker symbol PSUS. While the fund's fee structure is significantly higher than most publicly traded funds, Ackman's.
Hedge Fund Assets Rise To Record As Managers Position For Election, Political Risks - Fixed Income-based Relative Value, Uncorrelated Macro See Net Inflows - Directional Hfri Equity Hedge Leads Strategy Performance Through Volatile 1h24
Hedge fund capital extended the recent rise, narrowly surpassing the historic 1Q record and advancing further above the historic $4.3 trillion milestone in 2Q24 with managers navigating and positioning for an evolving, fluid, complex election cycle and geopolitical environment. Upcoming elections throughout Europe and upcoming US elections represent a significant risk of policy shifts, economic transition, trade adjustment and structural dislocations in coming months.
Citadel Ceo Ken Griffin Just Bought A $45M Dinosaur Skeleton
Billionaire Citadel CEO Ken Griffin just paid a record-breaking $44.6 million for a 150 million-year-old Stegosaurus skeleton, nicknamed "Apex. ":
The hedge fund manager paid $44.6 million for a roughly 150 million-year-old mounted Stegosaurus skeleton, nicknamed "Apex." The fossil, which is nearly 27 feet long and 11 feet high, is one of the most complete Stegosaurus skeletons ever recorded, according to auction house Sotheby's. The purchase blew past Sotheby's estimated maximum of $6 million and shattered the previous record sale of $32 million for a Tyrannosaurus Rex skeleton in 2020.