Tuesday - July 8, 2025
Mike Doherty Discusses Closed-End Funds in Bloomberg
July 17, 2024
BOSTON, Massachusetts, July 17 -- Ropes and Gray, a law firm, issued the following news:

Bill Ackman, hedge fund manager, recently began marketing the initial public offering of Pershing Square USA Ltd., a US closed-end fund that could raise as much as $25 billion.

Asset management partner Mike Doherty discussed the details of the fund in a recent Bloomberg article. Pershing Square USA is a perpetual fund, with no option to liquidate or extend the fund's life upon . . .

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