Pershing Square Capital Annual Presentation To Shareholders [SLIDES] full pdf below
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On December 31, 2012, we launched a new private fund, Pershing Square Holdings, Ltd. (“PSH”). PSH launched with approximately $2.2B on December 31, 2012. Private fund NAV prior to IPO on September 30, 2014 had grown to $3.1B largely through capital appreciation. An additional $212mm of investor capital rolled over from Pershing Square International, Ltd. to PSH at the time of the IPO.Pershing Square employees invested $129m in the IPO. The PSH IPO priced on October 1, 2014 raising $2.8B. PSH began trading on Euronext Amsterdam on October 13, 2014
Michael Mauboussin: Here’s what active managers can do
The debate over active versus passive management continues as trends show the ongoing shift from active into passive funds. Q2 2020 hedge fund letters, conferences and more At the Morningstar Investment Conference, Michael Mauboussin of Counterpoint Global argued that the rise of index funds has made it more difficult to be an active manager. Drawing Read More
See full Presentation below.