Ackman Protege Ferguson to Run Activist Fund After Exit
Best of luck to Scott Ferguson. Pershing has done pretty well over the years and now is a great time to start an activist fund. In a choppy market, being able to influence the board and management is a huge plus. Even if the market doesn't give you any credit for the work initially, you can at lease improve the operations and margins of the underlying company if you do a good job.