(March 10): Billionaire investor Bill Ackman's Pershing Square filed for US initial public offerings of his hedge fund and a new fund on Tuesday, looking set to join a small club of publicly traded alternative asset managers. Ackman had previously attempted to take the new fund, Pershing Square USA, public in 2024, but scrapped the launch days before it was slated to begin trading. Investors in the new fund will receive shares in Pershing Square as a sweetener. Pershing Square USA currently expects to raise between US$5 billion (RM19.6 billion) and US$10 billion in the combined transaction. Pershing Square and Pershing Square USA will list on the New York Stock Exchange under the trading symbol "PS" and “PSUS" respectively.

Source: The Edge Markets March 10, 2026 11:44 UTC