From Dow Jones & Company:

Billionaire investor Bill Ackman, renowned hedge-fund manager, looks to open an investment fund targeting individual U.S. investors. His firm, Pershing Square Capital Management, plans to invest in 12 to 24 core holdings in large-cap, investment grade, free-cash-flow-generative North American durable growth companies. This announcement came through a filing with the Securities and Exchange Commission on Wednesday. The majority of the closed-end fund’s portfolio will focus on these companies, according to the filing. (Words: 89)



Read more: Billionaire Bill Ackman to launch fund open to regular investors in U.S.