Praveen Paranjothi on Newnex: Bill Ackman’s newly-formed investment…

Bill Ackman’s newly-formed investment fund, Pershing Square USA, has…

Praveen Paranjothi · 2024-07-02T06:27:55.000Z

Bill Ackman’s newly-formed investment fund, Pershing Square USA, has promised potential investors that it won’t charge performance fees on gains from its investment portfolio. The fund will not be subject to any performance fees and will instead only charge a flat management fee, equivalent to 2% of the value of the investment fund’s assets, which will be “irrevocably waived” for the first 12 months after the float. Hedge funds have increasingly moved away from the “two and twenty” model, according to data from the Alternative Investment Management Association, which shows that in 2022 performance fees averaged 17.31% and management fees averaged 1.39%. https://www.morningstar.com/news/marketwatch/2024070140/bill-ackmans-new-pershing-square-usa-fund-wants-to-lure-investors-with-no-performance-fees

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Praveen Paranjothi on Newnex: Bill Ackman’s newly-formed investment…