Bill Ackman Plans Exit from Amsterdam Exchange

Billionaire Bill Ackman announced plans to withdraw his hedge fund, Pershing Square Holdings, and Universal Music Group from the Amsterdam Stock Exchange following a series of antisemitic attacks on Israeli soccer fans in the city. The violence erupted after a Europa League match between Ajax and Maccabi Tel Aviv, leading to injuries and numerous arrests. Ackman stated that concentrating listings on the London Stock Exchange would not only improve liquidity and reduce costs but also reflect moral principles in light of the inability of Amsterdam to protect its minority populations. He has begun discussions with UMG to facilitate its move to a U.S. listing, citing that the current listing inhibits its participation in major indices like the S&P 500. Ackman's decision is framed as both a business strategy and a response to the recent violent incidents, which the mayor of Amsterdam condemned as an