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Paul Hilal

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Paul C. Hilal is a Partner at Pershing Square Capital Management, which he joined in January of 2006.  Pershing Square is a New York City-based hedge fund founded in 2004.  Pershing manages $19 billion of capital, and has generated net returns to investors exceeding 20% per annum since inception.  Much of these returns have been generated through shareholder activism that increases the intrinsic value of its portfolio companies, or unlocks value trapped in them.  Pershing has completed nearly 30 activist engagements in its history.
In 2007, Mr. Hilal led a proxy campaign that secured four seats on Ceridian's Board of Directors, and served on Ceridian's board.  In 2012, Mr. Hilal led the proxy campaign that secured seven seats on Canadian Pacific Railway's board.  Mr. Hilal is currently a Director of Canadian Pacific, and is Chairman of the board's Management Resources and Compensation Committee.  In 2013, Mr. Hilal led the effort that turned over four board seats on the Air Products board, resulting in the installation of the company’s new CEO. 

From 2002 to 2005, Mr. Hilal was the Managing Partner of Caliber Capital Management, LP, an information technology-sector focused investment fund.   From 1998 to 2001, Mr. Hilal ran the information technology-sector investment program at Hilal Capital Management.  From 1999 to 2000, Mr. Hilal served as the Chairman of the Board and Interim Chief Executive Officer of Worldtalk Communications Corporation, a publicly traded software company he led through a restructuring and sale.

From 1992 to 1997, Hilal was a Principal at Broadview Associates -- at the time the leading mergers and acquisitions advisory firm to the information technology sector.  Broadview is now a subsidiary of Jefferies Inc. 

Mr. Hilal is a member or the Board of Overseers of Columbia Business School.  He also currently serves on the Board of Directors of Grameen Foundation, an organization that works with institutions around the world to enable the poor to become financially self-sufficient and lead healthier lives through access to financing and information on health and agriculture.  He is also a Trustee of the Supreme Court Historical Society, a non-profit organization, dedicated to the collection and preservation of the history of the Supreme Court of the United States.  

Mr. Hilal received an A.B. degree in Biochemistry from Harvard College in 1988, a J.D. from Columbia University School of Law in 1992, and an M.B.A. from Columbia University School of Business in 1992.