Bill Ackman’s IPO Ties His $9 Billion Fortune to Public Markets

April 29, 2026, 7:43 PM UTC

It’s been a bumpy road, but Bill Ackman is one step closer to his ambition of emulating Warren Buffett.

The outspoken hedge fund manager raised $5 billion this week in the country’s largest-ever closed-end fund listing, giving him a more permanent base of capital that he says will let him pick winners early and allow them to prosper over time without worrying about investors yanking their money.

Read More: Ackman’s $5 Billion Pershing IPO Squeaks Across the Finish Line

The listing is a rarity in the industry. While a few of his hedge fund rivals like Man Group Plc ...





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