Hedge funds get plenty of attention for where they invest, especially when they’re run by famous managers like Bill Ackman. However, we can get even more insight into a manager’s strategy by looking at where his foundation invests.
According to its 990 from 2023, which was filed in November 2024, Bill Ackman’s Pershing Square Foundation had nearly $502 million in assets at the end of fiscal 2023. The foundation states that it “supports exceptional leaders and innovative organizations that tackle important social issues and deliver scalable and sustainable impact.”
Capital gains
The Pershing Square Foundation recorded $1.5 million in capital gains from its sale of shares in CAB Payments Holdings, which it acquired in July 205...
