Pershing

Advisor Upside

Digital Custodian Altruist Takes On Schwab, Fidelity With New RIA Model

Photo via Altruist

The affiliate model itself is nothing new, but it’s novel for a custodian.

2 min read

Photo by Tupungato via iStock

Hedge Funds

Bill Ackman’s Huge Bet on Hertz May Win a Jackpot if Trade War Drags On

Hertz’s recent track record leaves much to be desired: the rental-car company lost nearly $2.9 billion last year.

2 min read
Photo by Senate Democrats via CC BY 2.0

Hedge Funds

Pershing Square to Abandon Delaware Incorporation, Meta May Follow

Billionaire Bill Ackman is making Pershing the latest high-profile company to depart longtime corporate haven Delaware.

2 min read
Photo by Senate Democrats via CC BY 2.0

Investments

Bill Ackman’s Pershing USA Officially Slashes IPO Fundraising Target to $2 Billion

Ackman’s Pershing Square Capital Management announced that its planned IPO for a US closed-end fund will raise $2 billion.

2 min read

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