Concern: American billionaire Bill Ackman
American billionaire Bill Ackman plans to scrap his investment fund’s listing in Amsterdam in favour of London after anti-Semitic attacks on football fans in the Dutch capital.
Shares in Pershing Square are traded in both the Netherlands and the UK where the stock is in the FTSE 100 index of blue-chip companies.
Ackman (pictured), who founded the fund and still owns a 23 per cent stake, said he will ask the board to cancel the Amsterdam listing after violence against Israeli fans on Thursday night.
And the hedge fund tycoon, who is worth around £6billion according to Bloomberg, said he is in talks with Universal Music Group to move the record label’s headquarters and listing from the Netherlands to New York. He is a major investor in Universal Music and sits on the board.
Pershing Square had been thinking about cancelling its Amsterdam listing for a while, but the violence was the ‘tipping point’, he said. Most of the fund’s trading volume now takes place on London’s stock market.
In a post on X, formerly known as Twitter, Ackman, 58, said: ‘Concentrating the listing on one exchange, the LSE, and leaving a jurisdiction that fails to protect its tourists and minority populations combine both good business and moral principle.’
Dutch police arrested 62 people following the attacks on Israeli football fans in Amsterdam after the Europa League match between Ajax and Maccabi Tel Aviv.
Dutch Prime Minister Dick Schoof said yesterday that he was ‘ashamed about what happened in the Netherlands’.
DIY INVESTING PLATFORMS
AJ Bell
AJ Bell
Easy investing and ready-made portfolios
Hargreaves Lansdown
Hargreaves Lansdown
Free fund dealing and investment ideas
interactive investor
interactive investor
Flat-fee investing from £4.99 per month
Saxo
Saxo
Get £200 back in trading fees
Trading 212
Trading 212
Free dealing and no account fee
Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.
