Balance is needed on incentives to ensure Pershing Square USA fund does not struggle after floating
Fund eyes real estate company Howard Hughes after recent attempt to take US entity public came to abrupt halt
What started as a characteristically bold scheme came crashing down after a startling series of setbacks
Plus, Ares raises a record private credit fund and Rio Tinto stays out of the mining dealmaking frenzy
Decision follows vastly lowered target and delay in pricing
“Well-positioned businesses are pricing their IPOs above price talk and are trading well in the aftermarket”
Outside backers left wondering what to do with overpriced minority piece in illiquid manager
Figure is fraction of the $25bn initially targeted by billionaire hedge fund manager
No Go! No Go! Ackman
Delay marks a setback for the billionaire hedge fund manager who hoped for one of the largest listings in history
Compliance FTW
Billionaire investor plans to use social media and Buffett-like annual meeting to connect with investors
Can listed management companies maintain investment performance as they scale up?
Plus, the hedge funds getting squeezed by UK takeovers and the final hours of the Paramount-Skydance bid
Sale to a group of family offices and investment firms comes as the hedge fund plots IPO
Billionaire could take his hedge fund public by the end of next year
Best-performing managers’ punchy bets on stock markets paid off in 2023
“Does this seem like fair journalism to you?”
Pershing Square founder said this week he had exited high-profile short position
Billionaire investor’s backing values luxury UK brand at more than £100mn
Billionaire says ‘peg no longer makes sense’ and ‘only a matter of time’ before it breaks
Move comes three months after billionaire took position with pledge to focus on ‘long-term horizon’
What a difference one quarter can make
Prominent veterans of Wall St proxy battles are taking a more low-key approach
Plus, the FT traces the ownership of a mysterious yacht in Antigua and Goldman Sachs looks to diversify its business portfolio
