Outspoken US billionaire capitalised on stock market turmoil caused by pandemic earlier this year
An investment trust that tracks the hedge fund run by the US billionaire Bill Ackman is to join the FTSE 100 after bets on the market carnage caused by coronavirus earlier this year produced bumper returns.
Pershing Square Holdings will be promoted to London’s blue-chip index on 18 December, meaning the pensions investments and tracker-fund holdings of millions of people will be adjusted to include shares that mirror the hedge fund.
