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Bill Ackman’s grand vision unravels

Financial Times LogoFinancial Times13h ago

Bill Ackman’s grand vision unravels - Financial Times

Quick Summary:

It would be a precursor to an eventual blockbuster IPO of Ackman’s hedge fund — Pershing Square Capital Management, the entity that would manage his other funds — as soon as 2025.

One scoop to start: hedge fund Elliott Management has told investors that Nvidia is in a “bubble”, and the artificial intelligence technology driving the chipmaking giant’s share price is “overhyped”.

Phoenix Group, the UK’s largest savings and retirement business, has teamed up with FTSE 100 asset manager Schroders to launch a venture to channel more pension money into fast-growing private companies.


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Article Details

Author / Journalist: Harriet Agnew

Category: MarketsFinanceInvesting

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-05 @ 05:00:54 (13 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 1398 words

Reading Time: 8 minutes read

Sentences: 61 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 21925836

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About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 9 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

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