Pershing Square Lists On Euronext In Amsterdam, Ackman Says New Investment Announcement Roughly 2 Months Away

This morning Pershing Square, the hedge fund operated by William Ackman, listed and opened for trading on Euronext today in Amsterdam. In an interview on Monday morning with Bloomberg News, Ackman noted that he want Pershing to be like a Berkshire (NYSE: BRK-A) but that it essentially couldn't file in the US because of technical reasons.

After the capital raise from listing overseas, Ackamn said Pershing will be buying a new holding and announcing this holding in the next 45 to 60 days. Aside from CSX CSX and the popularity of the renewed effort to pay north of $200 per share for Allergan AGN in an effort to sell it to Valient and the activist investment in Herbalife HFL Ackman appears to be continuing on a path of building up a long-term "holding company" of sorts. In the interview Ackman had strong tones of comparing his fund to Berkshire as a sort of closed-end fund, an investment fund with an activist holder who has large minority stakes in US-based large-cap companies.

In Europe, on the Euronnext, Ackman's shares are down five percent in early trading to $27.40 from an opening price of $24.70.