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Ackman names Ryan Israel as Pershing Square's investment chief

Published 19/08/2022, 23:34
Updated 20/08/2022, 11:25
© Reuters. FILE PHOTO: 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

© Reuters. FILE PHOTO: 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

(Reuters) - Billionaire investor William Ackman on Friday named insider Ryan Israel as the chief investment officer for his hedge fund Pershing Square (NYSE:SQ) Holdings Ltd.

Israel joined Pershing from Goldman Sachs (NYSE:GS) 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://

"If the pie truck were to run me over tomorrow, Ryan would be my choice to manage the portfolio," added Ackman.

© Reuters. FILE PHOTO: 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

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.

Pershing Square, which liquidated a $1.1 billion bet on Netflix (NASDAQ:NFLX) in April, also said that it has also fully sold its position in Domino's as of Aug. 16 this year.

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