Ackman's Pershing Square Fund Listing?
Pershing Square Capital Management, the $6 billion hedge fund group, is likely to seek a public listing for one of its funds in coming years, founder and partner William Ackman said on Wednesday.
Ackman, who recently raised a $2 billion fund to exclusively invest in Target Corp said tapping public markets for funds would give it capacity to make larger investments and have more influence in its activist stockholder campaigns.
"The natural evolution at some point is that I believe our fund will be publicly traded," said Ackman, speaking at a New York conference on Wednesday. "It would give us more staying power and credibility with management. If we had permanent capital I think it would be good for investors and good for us."
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