Even as the M4 Sherman rolled off assembly lines in 1942, the U.S. Army was already seeking a heavier, more powerful tank.

For anyone trying to understand the wealth management industry, in general, and the clearing and custody business, in particular, the most important concept is likely basis points. That's ...

UMG's board believes it has a "strong consensus" of investors behind its decision to reject Pershing's offer, following criticism of the bid aired by its largest shareholder. By Elizabeth Dilts ...

Jefferies initiated coverage of Pershing Square USA (PSUS) with a Buy rating and Pershing Square Inc. (PS) with a Hold recommendation. Analyst Matthew Hose sees Pershing Square USA benefiting from a ...

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Billionaire investor Bill Ackman revealed Friday that his firm Pershing Square Capital has built a stake in Microsoft – and said the tech giant “offers analogous and compelling long-term value” ...

Bill Ackman‘s long-anticipated Wall Street debut flopped on Wednesday, as shares of his new closed-end fund tumbled 18% on the New York Stock Exchange despite the hedge-fund billionaire’s rampant ...

The initial public offering of Mr. Ackman’s new fund, Pershing Square USA, raised $5 billion. By Maureen Farrell and Lauren Hirsch The billionaire investor and online provocateur Bill Ackman has ...

Pershing Square announced the pricing of its combined IPO of Pershing Square USA (PSUS) and Pershing Square Inc. for gross proceeds of $5B, as widely expected. The proceeds figure is before deducting ...

Update, April 29 at 2:30 p.m.: Pershing Square opened down 16% in its IPO on Wednesday. PSUS shares were priced at $50 each, and opened around $42 per share. Bill Ackman has made a lot of noise in ...

Billionaire Bill Ackman’s star power, strong long-term investment record and an unusual incentive apparently aren’t enough to gin up a lot of demand for his new closed-end equity fund, Pershing Square ...

Investor Bill Ackman’s Pershing Square Inc. plans to offer up to 33.12 million shares in its initial public offering, at an expected price of $50 per share. Pershing Square Inc. is a closed-end ...