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Investment trusts are a great model – as long as the managers perform

Doubts come bubbling up after Ackman pulls his IPO but 3i shows how it can be done

Bill Ackman’s planned float of Pershing Square USA did not work out Sylvain Gaboury/Patrick McMullan via Getty Images
Bill Ackman’s planned float of Pershing Square USA did not work out Sylvain Gaboury/Patrick McMullan via Getty Images

David Wighton is a columnist for Financial News

Bill Ackman and Judith MacKenzie may seem as far apart as you can get in the investment world. Ackman has a fortune estimated at $9bn while MacKenzie has a net worth of … well, a lot less than that. 

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