News about Nick Wood

Bill Ackman, the billionaire US activist investor, was virtually unknown outside Wall Street and the City until late last year, despite a string of corporate conflicts. However, his fame has now expanded internationally as a result of his free-speech campaign's triumphant attempt to depose President Barack Obama of Harvard's alma mater. This study into academia's governance has brought the spotlight on Ackman's UK company Pershing Square Holdings, a £6.5 billion investment trust and a member of the FTSE 100. Why not take a gamble on a situation that could offer long-term gains, but should also provide entertainment value?

Any income trusts are currently have dividend yields of over 41%. Their share rates are substantially discounted to the value of their net assets, making them an attractive growth prospect, partially due to higher interest rates. If a trust is at a 10% discount, you are getting £1 worth of shares for 90p. If you're looking for a bet, this could be a bargain.