---
title: "Why closed-end funds trade at a discount and what it means for Pershing Square"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284985517.md"
description: "Closed-end funds frequently trade below their net asset vale. Why Bill Ackman’s new fund joined the discount club."
datetime: "2026-05-03T06:25:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284985517.md)
  - [en](https://longbridge.com/en/news/284985517.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284985517.md)
---

# Why closed-end funds trade at a discount and what it means for Pershing Square

Closed-end funds frequently trade below their net asset vale. Why Bill Ackman’s new fund joined the discount club.

### Related Stocks

- [PSHZF.US](https://longbridge.com/en/quote/PSHZF.US.md)

## Related News & Research

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