Billionaire Hedge Fund Manager Bill Ackman is Poised to Exceed 50% Returns After a 3-Year Drought (Business Insider)
Bill Ackman‘s hedge fund is on track to land massive returns after three years of negative net performance. Pershing Square Capital Management posted a 3.4% gross gain for November, or 3.2% after fees. The month’s performance brings its year-to-date return to 51.3% after fees. Should Pershing Square’s 2019 surge continue through December, Ackman’s fund will post its first year of positive net returns since 2014.
Bill Ackman‘s hedge fund is on track to land massive returns after three years of negative net performance. Pershing Square Capital Management posted a 3.4% gross gain for November, or 3.2% after fees. The month’s performance brings its year-to-date return to 51.3% after fees. Should Pershing Square’s 2019 surge continue through December, Ackman’s fund will post its first year of positive net returns since 2014.
