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What activist Bill Ackman thinks about Brexit

US hedge fund manager says London will remain an important venue for listings, but big banks will think twice about their staffing levels here

Bill Ackman
Bill Ackman Photo: Getty Images

Bill Ackman, the US hedge fund manager, has said the UK's exit from the European Union will be negative for London as a financial centre - even though he listed his £3.6 billion Pershing Square Holdings fund here yesterday.

The high-profile activist investor told the BBC this morning that he didn't think Brexit would affect London's role as a venue for listings - "people still think this is the best financial centre in Europe in terms of a place to list shares".

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