Bill Ackman, activist investor and founder and CEO of Pershing Square Capital Management has today launched a new enterprise. Pershing Square Tontine Holdings (PSTH) had its IPO today but doesn’t yet have a business – it’s a Special Purpose Acquisition Company (SPAC) that first raises money through an IPO and then later invests that cash in an existing business. So we’ve no idea yet what … Continue reading Pershing Square Tontine Holdings – An Ethical Investment?