Ackman is considering public fund

Activist hedge fund manager Bill Ackman reportedly plans to raise billions of dollars for a closed-end fund that would be taken up in an Exchange pursuant to The New York Times.

Ackman of Pershing Square capital has reportedly are considering new ways to create a solid capital base, so that hedge funds do not always be sensitive to excessive quantities of withdrawals during times of financial unrest.

If a Fund run by public funds, Ackman argued, the need to keep capital overridden in excessive is redemption nixed, therefore create a wider range of money to invest.

The company itself would not go public, only the Fund.

The idea comes three years after the financial crisis that saw investors require back billions of dollars in redemption at once, the Times reported.

Attempts to port these redemption was met only with contempt by desperate investors who wanted their money back immediately.

Contracts that tie up investors ' money this year has also been met with recalcitrance.

Ackman is known as an activist investors buy shares in the hope of making changes to a particular company and then harvests the fruits of the changes.

Pershing Square did not return a call from HedgeFund.net immediately.

Pershing Square is currently about 10 billion dollars in assets under management.

Go to the New York Times article

Related articles
Ackman, the profits from the Jcpenney rent