Bill Ackman is preparing a $5 billion IPO for a new U.S.-listed closed-end fund — set to debut alongside the IPO of Pershing Square Capital Management in early 2026, according to sources familiar with the plan. The new closed-end fund will mirror Ackman’s flagship hedge fund, but with lower fees and faster investor access, opening...
Bill Ackman’s Pershing Square is preparing a $5 billion IPO for a new closed-end fund that aims to mirror its flagship hedge fund — but with lower fees, faster access to capital, and broader investor eligibility, including pension funds, endowments, and retail investors. Key Highlights
TMX Group, parent of the Toronto Stock Exchange, expects a major pickup in IPO activity heading into 2026, supported by a deep pipeline of companies preparing to tap capital markets. Key Points 📈 Rockpoint Gas Storage’s C$704M IPO has renewed optimism for Canada’s listings market.🇺🇸 U.S. IPOs have raised ~$30B in 2025, up 13% YoY,...
Britain will cut the tax-free cash ISA allowance from £20,000 to £12,000 starting 2027, aiming to redirect household savings into the stock market and support economic growth.👉 Over-65s will retain the full £20,000 allowance. The announcement by Finance Minister Rachel Reeves immediately lifted shares of online brokers: 🔍 Key Context 📈 Expert Views Whether this...
The FDIC has approved new rules easing the enhanced supplementary leverage ratio, reducing how much capital banks must hold against low-risk assets — marking one of the first major rollbacks of post-crisis regulation. Key Highlights 📉 $13B reduction in required capital for large global banks (<2%)🏦 Depository subsidiaries see a 27% drop, equal to $213B📅...
Hedge funds have built their largest short positions since 2023 on UK companies heavily exposed to the domestic economy, according to a Goldman Sachs client note.The positioning shift comes just before Finance Minister Rachel Reeves’ budget, expected to include £35 billion in tax increases, which could pressure consumer demand and slow economic momentum. 🔻 Key...