Pershing Square's First Analyst To Launch Hedge Fund

Jul 23 2012 | 12:16pm ET

Scott Ferguson, who has been with Pershing Square Capital Management since before day one, is leaving the hedge fund to found a hedge fund of his own.

The first analyst that Pershing Square founder William Ackman hired plans to launch an activist firm similar to the one he's worked at for almost nine years. Ferguson, who was hired in September 2003, four months before Pershing Square's debut, will leave the New York-based firm by the end of the month, Pershing Square told investors.

Ferguson's still unnamed fund will seek value opportunities and push for changes at investment companies. It is expected to debut next year, Bloomberg News reports.

In the letter, Ackman said he agreed that the time had come for Ferguson to start his own firm.

"In recent years, Scott and I have discussed the potential for him to leave Pershing Square and form his own firm," Ackman wrote. "Recently, Scott and I concluded that now, at 38 years of age (I launched Pershing Square just shy of 38), would be a good time for him to take the next step in his career."

Ferguson, who is now a partner at Pershing Square, handles research across industries at the firm. Pershing Square's clients may also still profit from his work, as Ackman said he and Ferguson could work together on activist cases, as he has done with former Pershing Square partner Mick McGuire's Marcato Capital Management.


In Depth

Q&A: Executive Recruiter Talks Hedge Fund Closures, Hiring Trends

Dec 19 2014 | 6:58am ET

This year, hedge funds have been closing at a rate not seen since the financial...

Lifestyle

Cooper-Hohn Won't Contest Divorce Settlement

Dec 18 2014 | 9:51am ET

The ex-wife of hedge fund billionaire Christopher Hohn will not contest a divorce...

Guest Contributor

Alternative Investment Funds Face A Communications Imperative

Dec 19 2014 | 6:10am ET

A handful of the top alternative investment firms on both sides of the Atlantic...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.