Bermudian-based Arch Capital Group is among a consortium of strategic investors that have purchased a ten per cent common equity interest in Pershing Square Holdco LP for $1.05 billion.
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(Bloomberg) A group of investors betting Bill Ackman can massively scale his asset manager, Pershing Square Capital Management, have catapulted the hedge fund manager to the ranks of the world’s richest. Most Read from BloombergKey Engines of US Consumer Spending Are Losing Steam All at OnceGameStop Shares Surge as Gill’s Reddit Return Shows Huge BetMnuchin Chases Wall Street Glory With His War Chest of Foreign MoneyHomebuyers Are Starting to Revolt Over Steep Prices Across USAMLO Protege She
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Pershing Square Holdings, Ltd. (OTCMKTS:PSHZF – Get Free Report)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $50.93 and traded as high as $52.15. Pershing Square shares last traded at $51.52, with a volume of 12,853 shares trading hands. Pershing Square Price […]