Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at

News Archive

Read More Industry News >

Bill Ackman Looking to Raise $1B for Undisclosed Investment

Jul 09, 2013
Jing Chen

New York-based hedge fund firm Pershing Square Capital is looking to raise at $1 billion to bet on an undisclosed company.

Pershing founder and CEO Bill Ackman is asking investors in a three-page letter obtained by Reuters to commit at least $1 billion by July 17 toward two new co-investment funds. Ackman also said in the letter that the firm is unable to name the target company “because of confidentiality considerations.”

An undisclosed institutional investor has already agreed to commit $200 million.

This is Pershing Square’s largest investment since its $1 billion short bet against nutritional supplements company Herbalife last year.

Pershing Square manages approximately $12 billion in assets.

Read More Industry News >

Want to subscribe?

Join 15,000+ of your colleagues to receive daily hedge fund news from the definitive source in traditional and hedge fund data.

Subscribe Now

Hedge Fund Journal Reviews eVestment's Hedge Fund Database

July, 2012

Read More