Financial Planning

Changes to BNY Pershing's fees are a sign of the times

BNY Pershing declined to state the size and fees of its clearing and custody business with RIAs and other wealth management ...

Bill Ackman Just Gave Investors a First Look at What's Inside His New Fund

There are still opportunities to buy Ackman's top stock ideas from last quarter.

Pershing Square's Ackman teases at four new investments

Bill Ackman's Pershing Square USA (PSUS), along with other Pershing Square funds, added four new companies to its portfolios, ...

Pershing Square Backs Microsoft As AI Expansion Divides Major Investors

Bill Ackman's Pershing Square fund has taken a major new position in Microsoft (NasdaqGS:MSFT), going public with the stake as other large investors such as TCI and the Gates Foundation have been ...
InvestmentNews

BNY Pershing selective in rolling out new fees to RIA clients

BNY Pershing, the giant clearing and custody firm, is gingerly introducing new fees based on assets to its registered investment advisor clients, including a charge on customers’ cash held in accounts ...
InvestmentNews

BNY Pershing’s new cash sweep charge to hit RIAs first

BNY Pershing’s plans to create a new charge on client cash held in accounts of RIAs that custody with Pershing and broker-dealers that use it for clearing are taking shape, with senior industry ...

Universal Music Group Rejects Bill Ackman’s $65 Billion Bid That ‘Undervalues’ Firm

Universal Music Group on Friday rejected a $65 billion takeover offer from Bill Ackman’s Pershing Square Capital, arguing the ...
CNBC

Bill Ackman seeking to raise $2 billion in Pershing Square fund IPO, lower than original expectations

Hedge fund manager Bill Ackman is looking to raise $2 billion in the initial public offering of Pershing Square USA, with 40 million shares priced at $50. The firm will also give its underwriters the ...