Home Business NewsFinance News Billionaire investor Bill Ackman's firm included in FTSE 250

Billionaire investor Bill Ackman's firm included in FTSE 250

by LLB Reporter
1st Jun 17 8:45 am

Pershing Square receives boost

Pershing Square Holdings, announced today that FTSE Russell has confirmed that it will include PSH in the FTSE 250 Index, effective Monday 19 June 2017.

“Inclusion in the FTSE 250 is another important step for PSH and our shareholders,” said Pershing Square CEO and portfolio manager William A. Ackman. 

“We expect inclusion in the FTSE 250 to increase demand for PSH shares from index-tracking funds, assisting in reducing the current discount to NAV.”

PSH listed on the Main Market of the London Stock Exchange on 2 May 2017.

Pershing Square Holdings is an investment holding company structured as a closed-ended fund that makes concentrated investments principally in North American companies.

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