Bill Ackman launches a new publicly traded fund, which he has named “Pershing Square Tontine Holdings”.
Bill Ackman, a recognized figure in the hedge fund industry has successfully leveraged his credentials, connections and recent profitable investment track-record to raise more than $4 billion, via the public markets to finance his new Tontine fund, also known as a Special Purpose Acquisition Company (SPAC).
“Bill Ackman, a recognized figure in the hedge fund industry has successfully leveraged his credentials, connections and recent profitable investment track-record to raise more than $4 billion”
THE WEALTH TRAINING COMPANY
Bill Ackman launches a new publicly traded fund which primary activity is to purchase large stakes in companies
Bill Ackman’s new Tontine fund is in-tune with the billionaire activist investor’s strategy of obtaining seats on the board to effect a significant change.
Bill Ackman plans to combine funds from his new Pershing Square Tontine Holdings and Pershing Square, Ackman’s asset-management firm to also invest in undervalued unicorns.
A unicorn is a term used in the venture capital industry to describe a privately held startup company with a value of over $1 billion.
Bill Ackman has also approached high net worth individual investors for funds.
Bill Ackman launches a new publicly traded with a SPAC wrapper, but what is its unique selling point?
The “cash shell allows someone to instantaneously be in a position to put their money to work” said Bill Ackman in a recent interview. Bill Ackman stressed that speed is absolutely critical in a fast-moving market. The flexibility of SPAC means that it will provide investors with opportunistic deals. SPAC fund will facilitate “an advantaged deal for our shareholders,” said Bill Ackman. Shares of the SPAC are being sold at $20 a piece.
“cash shell allows someone to instantaneously be in a position to put their money to work”
Bill Ackman launches a new publicly traded fund which the activist investor believes will fill the gap in the IPO market
Red tape is choking the IPO market, argued Bill Ackman
Bill Ackman thinks that the current IPO process is too cumbersome for many investors. Companies must file a prospectus, “then 6 weeks later, if they’re lucky, file a revised prospectus where investors can see 3 years of financial data and all kinds of commentary,” said Bill Ackman. “If you look at what happened with WeWork…ultimately, this destroyed the company” he added.
But it wasn’t the cumbersome IPO process that failed WeWork but rather poor management, misallocation of funds, and an outdated business model in a post coronavirus world. If fact, the existing IPO process may have protected investors from piling into a lemon.
Nevertheless, with capital hot to trot Bill Ackman launches a new publicly traded fund.
“hell was coming” – Bill Ackman
Bill Ackman launches a new publicly traded fund with his SPAC wrapper raising over $12 billion already in 2020
The game is about smart capital flows, so perhaps Bill Ackman and his cahoots are onto something hot.
Could this be a case of don’t listen to what they say, instead, watch what they do?
Bill Ackman declared in March that “hell was coming” when it was revealed months later that he made billions betting on the rebound.
Bill Ackman launches a new publicly traded fund but is it more of a vulture fund
If so, capital flows into Bill Ackman’s Tontine fund could provide investors with clues for spotting target companies.