Katana VentraIP

Pershing Square Capital Management

Pershing Square Capital Management is an American hedge fund management company founded and run by Bill Ackman, headquartered in New York City.[3][4][5][6]

Company type

Private

2003 (2003)[1]

Bill Ackman

New York City

Investment funds

Investment management

Increase US$18.5 billion (2022)[2]

30

pershingsquareholdings.com

features Bill Ackman's economic activism in the $1 billion shorting of Herbalife Nutrition by Pershing in a positive light, highlighting the costly lengths to which the fund went in trying to prove the allegation that the multi-level marketing company was in fact a pyramid scheme.[67]

Betting on Zero

The "Drug Short" episode of shines a more doubtful light on Ackman's decision to double down on the fund's Valeant investments until the forced departure of former CEO Mike Pearson.[68]

Dirty Money

Pershing Square's investment ventures are featured in two financial documentaries.

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Cheffins, Brian R. (2014). "Hedge Fund Activism Canadian Style". University of British Columbia Law Review. 47 (1): 1-59) (Discussing Pershing Square's activities in Canada, and a unique cultural reluctance to support active value creation by ethical intervening shareholders).  2204294.

SSRN

Rojas, Claudio R. (2014). "An Indeterminate Theory of Canadian Corporate Law". University of British Columbia Law Review. 47 (1): 59-128 ("The author's perspective on Berkshire Hathaway's investment philosophy was informed by discussions with Warren Buffett in Omaha, Nebraska": pp. 59, 122-124).  2391775.

SSRN

Pershing Square Capital Management

Pershing Square Challenge

Ackman's Pershing Square takes big stakes in Freddie, Fannie

Ackman's Pershing Square Takes $1.2 Billion Hit

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