Bill Ackman announced on Saturday that his management company would leave Delaware to reincorporate in Nevada.

Billionaire hedge fund manager Bill Ackman said on Saturday his management company is reincorporating in Nevada, joining a small but growing list of companies exiting Delaware.  "We are reincorporating our management company in Nevada for the same reason,

(Reuters) - Bill Ackman, the owner of investment firm Pershing Square, said on Saturday that he is reincorporating his management company in Nevada. "We are reincorporating our management company in Nevada...," the billionaire investor said in response to a post on X, adding that top law firms are recommending Nevada and Texas over Delaware.

Bill Ackman is one of the best-known billionaires in the world of investing. As manager of his Pershing Square Capital hedge fund, he invests heavily in a handful of his best idea