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Ackman names Ryan Israel as Pershing Square’s investment chief

Bill Ackman, CEO of Pershing Square Capital, speaks at the Wall Street Journal Digital Conference in Laguna Beach, California, U.S., October 17, 2017. REUTERS/Mike Blake

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Aug 19 (Reuters) – Billionaire investor William Ackman on Friday named insider Ryan Israel because the chief investment officer for his hedge fund Pershing Square Holdings Ltd.

Israel joined Pershing from Goldman Sachs in 2009.

Ackman also said he will continue as ceo and portfolio manager for Pershing with continued control over “ultimate decision making”. (

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“If the pie truck were to perform me over tomorrow, Ryan will be my choice to control 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. read more

Pershing Square, which liquidated a $1.1 billion bet on Netflix (NFLX.O) in April, also said that it has additionally fully sold its position in Domino’s (DPZ.N) by Aug. 16 this season. read more

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Reporting by Tiyashi Datta in Bengaluru; Editing by Shailesh Kuber

Our Standards: The Thomson Reuters Trust Principles.

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