Ackman names Ryan Israel as Pershing Square's investment chief

Pershing Square Holdings

19/08/2022 23:27

Aug 19 (Reuters) - Billionaire investor William Ackman on
Friday named insider Ryan Israel as the chief investment officer
for his hedge fund Pershing Square Holdings Ltd.
    Israel joined Pershing from Goldman Sachs in 2009.
    Ackman also said that he will continue as chief executive
officer and portfolio manager for Pershing with continued
control over "ultimate decision making". (https://bit.ly/3AxQlcn)
    "If the pie truck were to run me over tomorrow, Ryan would
be my choice to manage the portfolio," added Ackman.
    Earlier in March, Ackman, who spent years building his
reputation as a vocal corporate agitator, said he plans to work
mainly behind the scenes with management and adopt what he calls
a "quieter approach" to force change.  urn:newsml:reuters.com:*:nL2N2VW2DZ
    Pershing Square, which liquidated a $1.1 billion bet on
Netflix  NFLX.O  in April, also said that it has also fully sold
its position in Domino's  DPZ.N  as of Aug. 16 this year.
 urn:newsml:reuters.com:*:nL3N2WI3NY

 (Reporting by Tiyashi Datta in Bengaluru; Editing by Shailesh
Kuber)
 ((tiyashi.datta@thomsonreuters.com;))