Ackman is currently discussing launching a fund to capitalize on investor complacency.

According to the Financial Times citing anonymous sources, Bill Ackman is preparing to establish a fund that will bet against the "complacency" in the financial markets. Pershing Square Capital will engage in "asymmetric" trades through this fund, profiting by going against the mainstream market viewpoints. The fund will allocate most of its assets to US short-term bonds, and then invest the funds in large credit and macro bets. The report also mentioned that in private discussions with potential investors in Pershing Square, Ackman has emphasized that this fund is expected to be an important avenue to increase management fee income for the company.