Pershing Square’s Bold Move — Bill Ackman’s $2.1B Insurance Play Signals New Era for Hedge Funds”

Pershing Square’s Bold Move — Bill Ackman’s $2.1B Insurance Play Signals New Era for Hedge Funds”

(HedgeCo.Net)  In one of the most attention-grabbing alternative investment moves today, billionaire hedge fund manager Bill Ackman and his Pershing Square team doubled down on an ambitious strategy that could reshape how hedge funds allocate capital beyond traditional stock and credit markets. Ackman’s Pershing Square announced a $2.1 billion acquisition of Vantage Risk, a Bermuda-based insurer specializing in unique risk coverage such as polit…