The offshore hedge fund Bill Ackman plans to take public through a London Stock Exchange listing is his best performer this year, The Post has learned.
Ackman’s Pershing Square Holdings is up 26.4 percent through June, including a 2.4 percent gain last month, according to an investor.
The fund launched in 2012 now has $3.1 billion and pre-marketing of the IPO is “going well,” the investor said. Ackman has told investors that he plans to raise at least $4 billion before taking the fund public.
Hedge funds aren’t allowed to market public funds in the US, which is why the listing is being done in London and marketed to Europeans and other offshore investors.
Pershing Square now has $14.7 billion in assets, with its bigger funds up 25 percent this year and 2.4 percent in June. Those numbers have made it the overall best-performing hedge fund of the year so far, according to HSBC’s widely watched ranking.