Ackman's fund loses all gains since 2014

[Pekelo]

http://fortune.com/2016/02/25/bill-ackman-fund-gain/?xid=yahoo_fortune

"Ackman‘s Pershing Square Holdings portfolio has lost 17.3% so far in 2016, the fund told investors on Wednesday. Added to last year, when it lost 20.5% in a relatively flat year for markets, the fund’s declines are now greater than its 2014 gain.

Valeant Pharmaceuticals, which was Ackman‘s main loser in 2015, was also to blame for this year’s drop. Valeant’s stock declined 16% from Feb. 17 through Tuesday amid questions over its earnings, providing the final bit of fuel for Ackman‘s fund to burn through its gains."

 

[Chris Mac]

http://fortune.com/2016/02/25/bill-ackman-fund-gain/?xid=yahoo_fortune

"Ackman‘s Pershing Square Holdings portfolio has lost 17.3% so far in 2016, the fund told investors on Wednesday. Added to last year, when it lost 20.5% in a relatively flat year for markets, the fund’s declines are now greater than its 2014 gain.

Valeant Pharmaceuticals, which was Ackman‘s main loser in 2015, was also to blame for this year’s drop. Valeant’s stock declined 16% from Feb. 17 through Tuesday amid questions over its earnings, providing the final bit of fuel for Ackman‘s fund to burn through its gains."

Well, Ego kills. You don't want to be wrong, so you can't cut your losses.
Btw, Valeant is making a nice double bottom, I would not be surprised if Ackman recovers most of his losses.

CM

 

[Chris Mac]

And a nice positive divergence with RSI.

 

[destriero]

http://fortune.com/2016/02/25/bill-ackman-fund-gain/?xid=yahoo_fortune

"Ackman‘s Pershing Square Holdings portfolio has lost 17.3% so far in 2016, the fund told investors on Wednesday. Added to last year, when it lost 20.5% in a relatively flat year for markets, the fund’s declines are now greater than its 2014 gain.

Valeant Pharmaceuticals, which was Ackman‘s main loser in 2015, was also to blame for this year’s drop. Valeant’s stock declined 16% from Feb. 17 through Tuesday amid questions over its earnings, providing the final bit of fuel for Ackman‘s fund to burn through its gains."

lol loses nearly 20% in the first 60-days of the year. So much for bet-sizing.

 

[J.P.]

The article says his fund earned an average of 12% a year over the past decade. That's about double the S&P 500's gains. Some might call that good.

 

[destriero]

The article says his fund earned an average of 12% a year over the past decade. That's about double the S&P 500's gains. Some might call that good.

Clearly before this.