Presented without comment (for the moment):
Targeted
Posted by Equity Private, Apr 02, 2008, 2:20pm
Comments
2
Posted by guest, Apr 02, 2008 2:32PM
He should charge a higher management fee, since it is trivial in relation to the loss anyway who would even notice?
3
Posted by guest, Apr 02, 2008 2:37PM
can't be real; as far as i know they were up 20% last yr---no letterhead or seal, basic typed up font
4
Posted by guest, Apr 02, 2008 2:38PM
can't be real; as far as i know they were up 20% last yr---no letterhead or seal, basic typed up font
7
Posted by guest, Apr 02, 2008 2:43PM
We're in a recession, the consumer has ceased spending money and PS built a monster position in one of the nations largest retailers last year, why is everyone surprised they have a loss???
8
Posted by guest, Apr 02, 2008 2:44PM
Takes talent to piss away nearly $1T in such a short time.
God Bless America.
10
Posted by guest, Apr 02, 2008 2:45PM
Would it be possible for everyone to double post??? Maybe you fucking retards haven't figured it out yet, IT TAKES A FEW MINUTES FOR YOUR POSTS TO SHOW UP!!!!!!!!!
11
Posted by guest, Apr 02, 2008 2:47PM
@ 2:44
I think you mean $1B. Last time I checked PS didn't have anywhere near "$1T" under management.
12
Posted by guest, Apr 02, 2008 2:49PM
@2:45pm ... HAHAHA - Gold! milk right out the nose after reading that little tirade ...
13
Posted by guest, Apr 02, 2008 2:51PM
Is there a way I can filter articles such that I'll only be subjected to the humor of the great Bess Levin. This substitute author shit is getting old!
14
Posted by guest, Apr 02, 2008 2:52PM
75.7 million contracts would mean they have optioned 10x the outstanding shares and as of today they are all in the money.
15
Posted by guest, Apr 02, 2008 2:53PM
That would be quite a challenge to lose a trillion in target no?
16
Posted by guest, Apr 02, 2008 2:55PM
@ 2:51
The author is listed IMMEDIATELY UNDER THE TITLE OF THE POST!!!! Are you the one who has been double posting???
23
Posted by guest, Apr 02, 2008 3:08PM
The double posters are Little League coaches. Next time your kid is playing, listen for these "doubles": "Ok, Johnny, get a hit, get a hit!" "Way to go! Way to go!" "Let's go! Let's go!"
"Swing batter batter, swing batter better!" "Hold up! Hold up!"
25
Posted by guest, Apr 02, 2008 3:08PM
The asshole posting at 3:04 AND 3:05 must shop at Goodwill because that fucking idiot doesn't have anough sense to make the money to afford anything other than second hand stuff.
27
Posted by guest, Apr 02, 2008 3:10PM
Salvation Army stores have better deals than Goodwill stores.
28
Posted by guest, Apr 02, 2008 3:11PM
Salvation Army stores have better deals than Goodwill stores.
29
Posted by american bandersnatch, Apr 02, 2008 3:15PM
Crucify all the double posters from here to the gates of Rome!
34
Posted by guest, Apr 02, 2008 3:23PM
@3:21
Real mature. You better quit fucking around and get the god damn mail delivered or I'll see to it your living in a cardboard box next to a dumpster.
35
Posted by guest, Apr 02, 2008 3:30PM
@3:21 & 3:22
Just because you used to work at BSC and don't have anything better to do doesn't mean you can waste our time and confirm what as ass you are.
BTW, take an English class.
36
Posted by onetwo , Apr 02, 2008 3:30PM
Guys, yes, this is real. But it's Pershing Square IV, NOT the flagship fund. PSQ IV is an SPV that holds ONLY TGT. This is not the fund with the MBIA/AMBAC CDS contracts, which earned +22% last year if i recall correctly.
Don't confuse this with Ackman's flagship portfolio. It's one position in TGT with a three year lock.
Settle down folks.
38
Posted by gatekeeper, Apr 02, 2008 3:38PM
Pershing Square was up 29.3% gross in 07, and 22% net, this is NOT REAL AT ALL. Plus, high brow hedge funds don't tend to print their financial statements on fuckin typewriters.
39
Posted by guest, Apr 02, 2008 3:40PM
Here....
http://investor.biospace.com/biospace?GUID=5028300&Page=MEDIAVIEWER
40
Posted by gatekeeper, Apr 02, 2008 3:41PM
Oh nevermind, onetwo is right, this is PS IV (get it?). Yea, if $1m was 90+ percent of partner's capital, I don't think ackman would be in the news everyday. Aren't you all supposed to be math people?
41
Posted by gatekeeper, Apr 02, 2008 3:42PM
Yea, but it's not the same Gotham as Gotham Asset Mgmt, Ackman's Gotham Blew up years ago.
43
Posted by gatekeeper, Apr 02, 2008 3:48PM
HAHAHAHAHA... no its real, did I say 1m? whoops!
44
Posted by guest, Apr 02, 2008 3:53PM
Pershing Square IV is down almost 11% for the month of March and over 4% YTD.
Yes this is the TGT fund.
45
Posted by guest, Apr 02, 2008 3:59PM
Ackman on Target, Jan 10 2008 - Bloomberg TV
http://www.youtube.com/watch?v=IdpoamnN49A
48
Posted by a dead horse, Apr 02, 2008 4:44PM
How is he only taking $4m with over $1B in assets? I mean, yeah, he lost a ton of money, but even that has to be worth more than a .4% management fee. Anything above Amaranth is at least 1%, right?
49
Posted by guest, Apr 02, 2008 4:58PM
As an investor, I can tell you these #'s are legit. And the fund was up 25% in January.
50
Posted by guest, Apr 02, 2008 5:03PM
@4:44 Its a one stock fund. Buy Target with leverage. That's why the mgt fee is so low. The payoff will come to him in the form of the incentive fee when, and if, the strategy pays off.
Oh, and in case anyone is wondering who would invest in a one trick pony like this. The allocation is one of many that the typical hedge fund investor would have.
51
Posted by guest, Apr 02, 2008 5:40PM
of course, GS alway outsmarts the street. Their culture is the best. Encouraging every to speak up and express their opinion freely unlike many highly political and seniority banks on wall street (especially the big name European ones). GS, MS, and Leh are probably the best ones out there. DB, CS, UBS are the probably the worst of all.
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Posted by guest, Apr 02, 2008 2:32PM
Please tell me that's not real.