Karolina Mandl
(Reuters) – Billionaire hedge fund manager Bill Ackman is considering endorsing Donald Trump over the former U.S. president’s intention to return to the White House, a source familiar with the matter said.
Ackman plans to announce X on social media which candidate he will support, the source said, confirming an earlier Financial Times report. He has 1.2 million followers on X.
This would mark a change from 2021. After the attack on the US Capitol on January 6, Ackman wrote on the social media platform that Trump should “resign and apologize to all Americans.”
Ackman’s company, Pershing Square Capital Management, manages $18 billion in assets, most of which is held in a European-listed fund.
Last week, Blackstone (NYSE:) CEO Stephen Schwarzman said he would support Trump in the US elections. Schwarzman said he was motivated by the “dramatic rise in anti-Semitism” in the country and concerns about the current state of the economy, immigration and foreign policy.
Other money managers have not yet publicly announced their support. Citadel founder Ken Griffin said earlier this month that he had not donated money to Trump’s re-election campaign and that he would wait to see who the former US leader chooses as his running mate.
