Bill Ackman is moving his hedge fund to the far west side of Manhattan

Bill Ackman is moving his hedge fund Pershing Square Capital to the far west side of Manhattan.

The new 67,000 square foot office will be at 787 11^th Avenue, a block from the West Side Highway, according to a new release from the Georgetown Company, the developer.

The hedge fund takes its name from its first location near Pershing Square north of Grand Central - so the move to its new digs, on a 15-year lease, is a far way from home.

The firm is currenly located in midtown, a few blocks south of Central Park.

The new digs will feature 24-foot high ceilings in certain areas and a 12,000 square foot rooftop, which is said to have a tennis court for use for all the building's tenants, Bloomberg reported previously.

The building will also provide shuttle service to the far-west location, the statement said.

The move comes as Ackman faces a second tough year for performance, with Pershing Square's flagship fund down 17.4% through October 11, Reuters reported. Last week, the firm announced it would shakeup its fees.

Take a look at Pershing's new office: