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Bill Ackman is having his best year ever. Why are investors ignoring his fund?

Ackman’s Europe-listed fund is a good way to play his recovery, writes FN’s sister publication Barron’s

Bill Ackman, CEO and portfolio manager at Pershing Square Capital Management
Bill Ackman, CEO and portfolio manager at Pershing Square Capital Management Photo: Getty Images

At age 53, the activist investor Bill Ackman is having the best year of his career. And for those who want to invest alongside him, there is now an opportunity to get in at a big discount.

Ackman’s closed-end fund, Pershing Square Holdings, closed Tuesday at $17.90 a share, a 28% discount to its net asset value of $24.92 on June 30.

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