Hedge fund manager Bill Ackman is planning a quieter and more thoughtful life after deciding to avoid the “noisiest” form of activism investing in future, activist short-selling.
Writing in his annual letter to investors in Pershing Square Holdings 2021 Annual Report, Ackman said that the company wouldn’t be adding to its two previous “high profile” short selling activist investments, which he said “generated enormous amounts of media attention”, and inspired “a book and a movie”.
Ackman said: “Fortunately for all of us, and as importantly for our reputation as a supportive constructive owner, we have permanently retired from this line of work.”
