Billionaire Bill Ackman’s big, concentrated bets and brash personality have made him one of the most polarizing names in investing.
Firms such as Janus have been losing market share to lower-cost mutual funds and ETFs.
The manager of Bill Gates’s personal fortune is partnering with a small team of turnaround experts.
Its holdings will range from direct investments in data centers to REITs in the sector.
The key man behind it all is Stephen Siu, who spent two decades helping to pioneer arbitrage strategies for Treasuries.
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