Billionaire hedge fund manager Bill Ackman aims to raise $5 billion for his US-listed closed-end fund, including $2 billion from well-known institutional investors anchoring the deal, according to ...

Add Yahoo as a preferred source to see more of our stories on Google. New York City Mayor-elect Zohran Mamdani celebrates his win at the Brooklyn Paramount Theater in Brooklyn, New York on November 4, ...

Is it really insider trading if you’re trading on yourself? A thorny question for prediction markets, spurred in part by a proposal from Bill Ackman.

Bill Ackman has endured a humbling three years: big public losses, an exodus by investors, and what a CEO calls an “ass-whooping” in an activist campaign. Now, the hedge fund titan could be making a ...

Oct. 31 (Bloomberg) -- Canadian Pacific Railway Ltd. may face pressure to sell the company after William Ackman's Pershing Square Capital Management LP bought a 12.2 percent stake and said it expects ...