Ackman blames retail traders for sudden drop in new closed-end fund
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Screens display the trading information for Pershing Square Inc., and Pershing Square USA just after trading began during the IPO’s on the floor of the New York Stock Exchange (NYSE), in New York City, U.S., April 29, 2026. REUTERS/Brendan McDermid
LONDON, April 30 (Reuters) - Billionaire Bill Ackman on Thursday blamed retail investors for the sudden drop in his newly listed closed-end fund's stock price on Wednesday and said he expects the price to rebound.
The hedge fund manager also told journalists that he and his employees put hundreds of millions in capital into the new vehicle.
Fellow hedge fund manager Marc Lasry and other prominent investors including the family office of the CEO of Meta Mark Zuckerberg were among institutional investors.
(Reporting by Nell Mackenzie)
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