ClaimsBill Ackman

“Since our restructuring away from open-end fund management in 2017, the investment team has been able to allocate substantially all of its time to investing as closed end investment companies do not require the constant fundraising and marketing of open-end funds.”

Bill Ackman, Pershing Square CEO, shareholder letter August 2024 Bill Ackman's Pershing Square Semiannual 2024 Letter: A Review (GuruFocus) archived copy

Factual Their own work or organisation

Since restructuring away from open-end fund management in 2017, Pershing Square's investment team has allocated substantially all its time to investing.

Own records only Only the person's or their organisation's own records speak to it, so it is not scored.

Factual: Statements about the present or the past, checked against the record: did they hold up?

Said for an organisation they lead or work for; it counts on both records.

Reasoning

Team time allocation is internal and not independently recorded.

Cite this claim

Bill Ackman, “Since restructuring away from open-end fund management in 2017, Pershing Square's investment team has allocated substantially all its time to investing.” (said August 2024). Verdict: own records only. Reliability API, claim c_d53aabf3ce25, method 0.1.0+c876030c, dataset release v1.1.2. https://epistacklabs.com/claims/c_d53aabf3ce25

This claim is in dataset release v1.1.2, with the same verdict.

Reply to this claim

For Bill Ackman, or someone speaking for them: a correction or counter-evidence. Replies are read before anything is shown; an approved reply shows your name, role, date, statement and link. Your email address is never shown and is deleted 30 days after the decision (privacy).

More factual claims by Bill Ackman

  1. Mixed Factual 1 October 2026
    “You own a portfolio of our best ideas, and it’s trading at an 18% discount to cash.”

    PSUS holds a portfolio of Pershing Square's best ideas and trades at an 18% discount to cash.

  2. Mostly true Factual 12 August 2026
    “This lower return reflects the 35% discount to NAV at which PSH's stock currently trades.”

    PSH's stock currently trades at a 35% discount to NAV.

  3. Resolved true Factual 12 August 2026
    “We recently made new investments in Visa (V), Mastercard (MA), Netflix, S&P Global, Intercontinental Exchange, and Alcon (ALC), companies we have closely followed for years.”

    Pershing Square recently made new investments in Visa, Mastercard, Netflix, S&P Global, Intercontinental Exchange and Alcon.

  4. Resolved true Factual 10 March 2026
    “Streetwise is now available for sale. Please see my review below.”

    Streetwise is now available for sale as of 2026-03-10.

  5. Mixed Factual August 2024
    “Our new independent directors include long-term investors in PSH and the Pershing Square funds as well as new investors in the management company.”

    PSCM's new independent directors include long-term investors in PSH and the Pershing Square funds as well as new investors in the management company.

All of them

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