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  "documentTitle": "Pershing Square | Investor Presentation Deck | 59 slides",
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  "authorName": "Pershing Square Holdings",
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  "presentationDate": "2024-02-01 00:00:00",
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  "notes": "Uses a mathematical equation format to illustrate financial impact.",
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      "text": "Assuming PSH generates 15% gross returns, the fee offset from the illustrative new fund alone will reduce PSH's performance fee percentage from 16.0% to 13.5%. Assuming PSH generates 5% gross returns, the fee offset from the illustrative new fund will have an even greater impact, reducing PSH's performance fee percentage from 16.0% to 6.5%.",
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      "text": "Through its amended FOA, PSH could realize a meaningful reduction in performance fees as PSCM launches new investment funds",
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      "text": "Note: Calculation above is for illustrative purposes only... (1) Does not include... (2) Potential reduction...",
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      "text": "Illustrative Fee Reduction Impact",
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