Ackman Going Public, Should Mega Cap Stocks Worry?

William Ackman’s Pershing Square is taking his hedge fund public, according to a letter to investors reviewed by ValueWalk.

Ackman announces Pershing Square Holdings’ IPO

In announcing the initial public offering of Pershing Square Holdings, Ltd. (PSH), targeted for later this year, Ackman addressed his logic in the move.  “Because we are an active, control and influence-oriented investor, we have avoided being fully invested because of the risk of investor redemptions,” he wrote, as pointing to a primary motivation.

It is the inability to fully deploy the capital which points to Ackman’s next target, in my opinion: activism in...