Pershing Square Holdings: Deep-Value Play For Long-Term Investors
Pershing Square Holdings is a closed-ended hedge fund managed by Pershing Square Capital Management.The fund invests in undervalued large-cap stocks with steady cash flow and uses hedging and other strategies to maximize returns and minimize risk.The fund is trading at a deeper-than-normal discount to NAV which is setting up a buying opportunity.If the name Pershing Square Holdings Ltd (OTCMKTS:PSHZF) sounds familiar it should. It is a closed-ended hedge fund traded on the OTC pink sheets (in the US) and headquartered in London (where it trades on the London Stock Exchange). Q3 2022 hedge fund...