Bill Ackman Just Gave Investors a First Look at What's Inside His New Fund
There are still opportunities to buy Ackman's top stock ideas from last quarter.
Bill Ackman Just Gave Investors a First Look at What's Inside His New Fund
Overview
Bill Ackman launched a new $5 billion closed-end fund for U.S. investors in April, Pershing Square USA (NYSE: PSUS). The fund benefits from permanent capital, which means Ackman can make investment decisions without worrying about cash inflows or outflows. That gives him the ability to focus on long-term results.
Ackman recently gave the public a sneak peek at what they'll see when Pershing Square USA files its first portfolio disclosure in a couple of months. Not surprisingly, there's a lot of overlap with his older fund, Pershing Square Holdings (OTC: PSHZF). Ackman disclosed eight of the 12 stocks Pershing Square USA has bought since its initial public offering (IPO) seven weeks ago.
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Originally published at www.fool.com.
