Bill Ackman’s NYSE-Listed Fund for Everyday Investors

Bill Ackman to Offer New Investment Vehicle on the New York Stock Exchange

Renowned hedge fund investor Bill Ackman is set to launch a closed-end fund on the New York Stock Exchange. This new investment vehicle aims to attract retail investors by investing in 12 to 24 large-cap, investment grade companies with a focus on “durable growth” in North America. Unlike traditional hedge funds, Ackman’s fund will not have a performance fee and will waive the management fee for the first 12 months. With its strong brand recognition and broad retail following, the fund is expected to generate significant interest and liquidity in the secondary market.