Pershing Square Capital Management

American hedge fund

Pershing Square Capital Management is an American hedge fund based in New York City. It specializes in activist investments, using influence over company management through the purchase of shares and by exerting pressure on management. Pershing Square was founded on January 1, 2004, by Bill Ackman, a hedge fund manager who was a co-founder of the investment firm Gotham Partners in 1992.

Universal Rejects Ackman Bid

Universal Rejects Ackman Bid Universal Music Group rejects Bill Ackman's $65 billion takeover bid, citing undervaluation.