We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Red alert

13 October 2014 By Neil Unmack

Shares of Bill Ackman’s new $6 bln fund fell 12 pct on their debut. Weak markets aren’t helping, but the result also leaves the Pershing Square vehicle trading at a 10 pct discount to net asset value. Exploiting the valuation gap is a better bet than trying to shake up companies.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)