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

(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

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,

Billionaire Bill Ackman, the CEO of Pershing Square Capital Management, is one of the most respected investors working today. Once dubbed "Baby Buffett," Ackman is known for taking a handful of large positions in his portfolio,

Investors like to watch Bill Ackman's trading moves closely. Pershing Square Capital Management, Ackman's hedge fund firm, made a notable purchase in a new holding during the six-month period that ended Sept.