The American billionaire and hedge fund manager wants to rehabilitate an asset class that, despite obvious attractions, has been beset by problems for decades https://www.economist.com/finance-and-economics/2026/05/05/can-bill-ackman-save-the-closed-end-fund?taid=69fb6a3351e09a0001d07ec0&utm_campaign=trueanthem&utm_medium=social&utm_source=voante