Unstructured Finance

The hedge fund world’s version Elvis plays cupid

July 18, 2012

You know Bill Ackman as a hedge fund rabble rouser, but did you know on the side he likes to play cupid. Here’s Svea Herbst-Bayliss with a post on the Pershing Square Capital manager’s softer side:

By Svea Herbst-Bayliss

Bill Ackman is known as many things: investor, corporate nudge and quick-talking television pundit. But matchmaker?

Helping his single friends and acquaintances find a life partner is, however, close to the multi-millionaire’s heart and he’s doing his part to help. And every so often, Ackman and his wife whirl through their Rolodexes and invite their unattached friends to come on over to their place and spend a few hours meeting other singles.

In this day and age of internet dating, the Ackmans like to give that stressful process a personal touch. And last night was one of those nights when the man who runs $10 billion Pershing Square Capital Management and his wife Karen, who trained as a landscape architect, threw open the doors and hoped for the best.

While no officials statistics have been kept, people who have attended the events say plenty of people have found their mates here. At this week’s event? Roughly 200 people attended, according to someone who was there. For Ackman the matchmaking evening was clearly so important that it trumped another event that he holds dear: a charity poker tournament that raises money for education.

The poker tournament, which is partly sponsored by Pershing Square, went ahead without Mr Bill, who two years ago we dubbed the Elvis of the hedge fund world because of his star power. That’s because when it comes to helping young people find true love, playing poker can wait for Ackman.

 

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