Bill Ackman’s Pershing Square Capital is coming off of a big year — and 2022 looks to be another doozy, Instutional Investor reports.
Investors can expect to learn about a new investment along with a decision on both Pershing Square’s beleaguered special purpose acquisition company and a new instrument Ackman has designed as an alternative to a SPAC, which is still awaiting approval by the SEC.
In last Friday’s annual investor meeting for Pershing Square Holdings, Ackman revealed that late last year the firm began to make another big investment that the firm is still building. He did not disclose the name. The investment even predates Pershing Square’s new stake in Netflix, which was made during the depths of January’s stock market downturn. Read more.
