Bill Ackman, the owner of investment firm Pershing Square, said on Saturday that he is reincorporating his management company in Nevada.

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 investor Bill Ackman announced that his investment firm, Pershing Square, is reincorporating in Nevada, signaling a broader trend of businesses moving away from Delaware. Ackman confirmed the decision on X,