Ackman blames retail traders for sudden drop in new closed-end fund
30/04/2026 18:08
LONDON, April 30 (Reuters) - Billionaire Bill Ackman on Thursday blamed retail investors for the sudden drop in his newly listed closed-end fund's stock price on Wednesday and said he expects the price to rebound. The hedge fund manager also told journalists that he and his employees put hundreds of millions in capital into the new vehicle. Fellow hedge fund manager Marc Lasry and other prominent investors including the family office of Meta META.O CEO Mark Zuckerberg were among institutional investors. (Reporting by Nell Mackenzie) ((Nell.Mackenzie@thomsonreuters.com;))