Listen To Story Above
Hedge fund billionaire Bill Ackman has taken a strong stance against anti-Semitism globally, using his influence to address recent incidents.
Following the October 7 Hamas attacks, Ackman urged Harvard to disclose the names of students affiliated with 31 anti-Semitic campus groups, aiming to prevent their future employment on Wall Street.
Billionaire hedge fund manager @BillAckman, the CEO of Perishing Square, announces he is looking at pulling his company from the Amsterdam Stock Exchange, following the horrific antisemitic attacks against Israelis in the city.
“I am going to seek approval from the board of… pic.twitter.com/Mjp59hSvVP
— Oli London (@OliLondonTV) November 8, 2024
In response to the recent violent anti-Jewish incident in Amsterdam, where Israeli soccer fans were targeted, Ackman has proposed removing Pershing Square Holdings’ listing from the Euronext Amsterdam exchange.
Ackman shared his thoughts on X, stating his intention to seek board approval for this move. He cited the concentration of trading on the London Stock Exchange and the need to distance from a jurisdiction failing to protect tourists and minorities as reasons for the decision.
🚨 BREAKING: @BillAckman will seek approval from the board of Pershing Square Holdings—in which he and his family hold a 23% ownership stake—to delist from the Euronext Amsterdam exchange, in response to last night’s horrific pogrom targeting Jews in Amsterdam. pic.twitter.com/qKJ9k5wZvI
— Awesome Jew (@JewsAreTheGOAT) November 8, 2024
The billionaire also mentioned initiating discussions with UMG, where he serves on the board, about relocating its domicile and listing to the United States. Ackman highlighted Pershing Square’s contractual right to facilitate a US listing for UMG, which he plans to exercise by next year.
He emphasized that UMG’s current valuation and liquidity issues stem partly from its absence on major US exchanges and ineligibility for S&P 500 inclusion. Ackman expressed his commitment to addressing these concerns, viewing the current situation as an opportune moment for action.
