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UBS, Deutsche Bank Join Team Ackman

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Bill Ackman has been talking about freeing himself from the vagaries of investors always asking for their money back at the most inopportune times for years now. Sure, that permanent-capital IPO didn’t happen in late 2011, but this time, Bill is serious.

In unrelated news, have you heard that he’s up 31% this year?

Billionaire investor William Ackman has tapped Deutsche Bank and UBS to handle the listing of one of his hedge fund portfolios in London later this year, three sources familiar with the matter said on Wednesday….

They said the official road show for the IPO would likely kick off within a few weeks.

Ackman taps Deutsche Bank, UBS for hedge fund portfolio IPO: sources [Reuters]



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