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AMSTERDAM (Reuters) - Shares in Pershing Square , a fund run by activist investor Bill Ackman, opened down 2 percent on their debut on Monday on the Euronext Amsterdam exchange.

The fund was initially priced at a share, giving it a market capitalisation of .2 billion (3.85 billion pounds). It was trading at .26 at 0905 GMT.

The fund boosts the firepower of billionaire Ackman, famed for aggressive moves such as a billion bet against U.S. nutrition firm Herbalife and a battle to broker a sale of Botox maker Allergan to Valeant Pharmaceuticals .

It is run by Pershing Square Capital Management, a North America-focused equities investment manager founded by Ackman in 2003 which had .1 billion in assets under management at the end of June.

(Reporting By Thomas Escritt; editing by Susan Thomas)

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