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Who is Bill Ackman?

With assistance from Katherine Burton. A group of investors betting Bill Ackman can massively scale his asset manager, Pershing Square Capital Management, have catapulted the hedge fund manager to the ranks of the world’s richest.

Will Bill Ackman sell a 10% stake in Pershing Square?

(Reuters) - Billionaire Bill Ackman's Pershing Square Capital Management said on Monday it has sold a 10% stake for $1.05 billion to a consortium of investors. The stake sale is a precursor to a potential initial public offering that could happen next year or in 2026.

Is Bill Ackman gearing up for an IPO next year?

Bill Ackman is probably about to get a lot richer. And much louder Bill Ackman, chief executive of Pershing Square Capital Management, appears to be gearing up for an IPO next year. © Jeenah Moon/Bloomberg/Getty Images Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter.

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