The Closed End Fund Conundrum: What's Behind Pershing Square USA's Discounted Price?
The recent IPO of Pershing Square USA, a closed end fund created by billionaire investor Bill Ackman, has raised eyebrows among investors and market watchers.
The fund trades at a 20% discount to its initial public offering price, prompting questions about whether this is a buying opportunity or a warning sign for the investment strategy employed by Pershing Square USA.