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Billionaire investor’s backing values luxury UK brand at more than £100mn
Pershing Square, round hole?
Plus, Asia’s richest man sets out his media ambitions, and Bill Ackman shorts the Hong Kong dollar
Short peg in a long-term hole
Billionaire says ‘peg no longer makes sense’ and ‘only a matter of time’ before it breaks
Investors will give him cash for a deal only after he has picked out a target company
Funds from record-breaking vehicle returned to investors as appetite for blank-cheque companies withers
Move comes three months after billionaire took position with pledge to focus on ‘long-term horizon’
What a difference one quarter can make
Prominent veterans of Wall St proxy battles are taking a more low-key approach
Plus, the FT traces the ownership of a mysterious yacht in Antigua and Goldman Sachs looks to diversify its business portfolio
Founder of activist hedge fund Pershing Square intends to work behind the scenes with companies
So why not park some there? Go on, live a little.
At a low enough purchase price, hedge fund manager can afford to wait for streamer’s own subscriber growth to resume
Hedge fund manager suggests other investors are ignoring long-term potential of streaming group
Hedge fund manager must convince board of prewar New York building to back modernist addition
Deal advisers rebut claims that blank-cheque groups are investment companies in disguise
New structure would remove existing time limits and stop investors’ cash being prematurely tied up
Billionaire investor plans to pivot to new ‘Sparc’ model following lawsuit
With people living longer and pension schemes underfunded, resurrecting them for the 21st century has a certain appeal
Plus, an Italian luxury dynasty embraces the Spac trend, and DD’s top takeaways from bank earnings season so far
Bill Ackman’s deal to acquire a stake in the resurgent music company lives on through his hedge fund
Hedge fund manager changes course to buy into world’s biggest music label after SEC intervention
Deal is first of its kind for a blank-cheque company and comes as music catalogues soar in value
Hedge fund manager’s blank-cheque company is rewriting the rules after boom cools
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