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Pershing Square appoints new chief investment officer

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Ryan Israel has been appointed as the new chief investment officer at Pershing Square Holdings, the hedge fund run by billionaire investor Bill Ackman, according to a report by Reuters. Israel has been with the firm for 13 years having joined from Goldman Sachs back in 2009.

Ackman, who earlier this year indicated that he would be taking a less vocal “quieter approach” to agitating for change at Pershing Square’s portfolio companies, opting instead to work with management, will continue in his role as chief executive officer and portfolio manager and will retain ultimate control over investment decision making. 

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