Summary
- Investors have bet on Bill Ackman’s asset manager, Pershing Square, leading to his net worth reaching US$8 billion.
- Ackman’s stake in Pershing Square is valued at more than US$3.5 billion.
- Pershing Square becomes one of the most highly valued hedge funds, potentially tripling fee-paying assets.
- The deal attracted investors such as Marc Lasry, Doug Hirsch, Banco BTG Pactual, and Iconiq Investment Management.