Bill Ackman, seems to be a terrible fund manager.

[KINGOFSHORTS]

Everything so far is a money loser.

JCP - dumped at a 50% loss
HLF - his short is not doing good.

Obviously he is trading other peoples money, I am surprised people are not leaving in droves yet.

 

[Cdntrader]

Quote from KINGOFSHORTS:

Everything so far is a money loser.

JCP - dumped at a 50% loss
HLF - his short is not doing good.

Obviously he is trading other peoples money, I am surprised people are not leaving in droves yet.

I read he made 1300% on that GGP. That might carry him for awhile. Also MBI was a huge win.


He seems like an arrogant sob.

 

[dumb_mother]

as of aug 5th his fund was still green on the year- even in the midst of all of these high profile losing trades he's still doing better than a lot of people. (that's how he manages to keep assets under management)

 

[koolaid]

he's actually good...he just let himself get in a pissing contest with the other hedgies and lost sight on his goals.

 

[Daal]

His track record is still among the best over the last decade. Everybody makes mistakes

 

[Pekelo]

Quote from dumb_mother:

as of aug 5th his fund was still green on the year-

good point, although the market is up 16%, so if his fund is up 4% let's say, he is still way underperforming...

 

[Tsing Tao]

Quote from Pekelo:

good point, although the market is up 16%, so if his fund is up 4% let's say, he is still way underperforming...

I think if you look closer, you might find that some 70-80% of funds are under performing the S+P.

 

[Pekelo]

So he bought JCP at $25 in 2010. The stock went above $40 in early 2012 topping at 43 and he let it slip back to a 50% loss...

Niiiiiiiiicceee.....