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It's important to note that this is not an IPO of Bill Ackman's well-known Pershing Square hedgefund, which owns stakes in companies such as Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) and Chipotle (NYSE: CMG). Rather, Pershing Square USA will be a new closed-end fund. annualized) since its Jan 2004 inception. annualized).
Many people correctly associate hedgefunds with rich people and may wish they could invest in them, too, despite not being rich. At the same time, there ways you can invest like hedgefunds if that is your aim. Hedgefunds aren't quite as secretive as you might think, either. What are hedgefunds?
These funds, which don't trade on an exchange, can provide individual investors with access to alternative investments that are otherwise typically limited to high net worth individuals, hedgefunds and other institutional investors. Interval funds are illiquid. Interval fund investments can be costly.
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