UBS, Deutsche Bank Join Team Ackman - Dealbreaker

UBS, Deutsche Bank Join Team Ackman

Author:
Updated:
Original:

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]

Related

ackman3

Bill Ackman Starts Over

Who’s ready to pony up $100K for Ack Act VI?

CryingAckman

Bugs Must Die So Bill Ackman’s Career Can Live

Just 13 more deals like this one and Bill will be... back where he was before he lost all that money on Valeant.