26845Comments (36)http%3A%2F%2Fdealbreaker.com%2F2010%2F08%2Flast-quarter-not-withstanding-team-ackman-doing-pretty-okay-for-itself%2FTeam+Ackman+Doing+Pretty+Okay+For+Itself+This+Year2010-08-26+16%3A19%3A47Bess+Levinhttp%3A%2F%2Fdealbreaker.com%2F%3Fp%3D26845

1. 1
   Posted by CoveredLong | August 26, 2010 at 4:36 PM

   Wait, what? A whole fund, in 1 stock, it’s bulletproof – we should all aspire to such genius.

   -Phil Falc.

2. 2
   Posted by InfiniteGuest | August 26, 2010 at 4:48 PM

   Wait how did he get this letter out so fast? What’s the story with the October 19th conference call, is that to discuss Q3 already? Wouldn’t it be more prudent to let things sink in a few months?

3. 3
   Posted by Anon | August 26, 2010 at 4:49 PM

   How could this past quarter’s gross return be worse than its net return?

4. 4
   Posted by Guest | August 26, 2010 at 4:56 PM

   One stock. Other than that, no concerns.

5. 5
   Posted by Test | August 26, 2010 at 5:00 PM

   Ctrl+c / Ctrl+v in excel?

6. 6
   Posted by Asdf | August 26, 2010 at 5:09 PM

   Investors still would have been better off in a 6% tax free bond

   lol @ hedge funds

7. 7
   Posted by Anonymous | August 26, 2010 at 5:10 PM

   im just glad i have my name back.

8. 8
   Posted by hedgehog | August 26, 2010 at 5:12 PM

   Sadly, agree with Asdf
   - HF analyst

9. 9
   Posted by Bonobody | August 26, 2010 at 5:23 PM

   With Bill Ackman, you’re buying the sizzle, not the steak.

10. 10
    Posted by NakedShort | August 26, 2010 at 5:30 PM

    I was out of my office the last few hours. How can I tell if I got any additional “Likes” :)

11. 11
    Posted by NakedShort | August 26, 2010 at 5:30 PM

    I was out of my office the last few hours. How can I tell if I got any additional “Likes” :)

12. 12
    Posted by The PIK Toggles | August 26, 2010 at 5:32 PM

    RIP Dealbreaker – 8/26/2010

13. 13
    Posted by Anonymous | August 26, 2010 at 5:42 PM

    “Like”ing your own comment is the new JO&C

14. 14
    Posted by CoveredLong | August 26, 2010 at 5:44 PM

    Bess – A casual google search reveals this bit of information:

    “Giveaway blog owners like to have numbered comments so that they can easily find the comment number of the winner. DISQUS does not have an option for this.”

    How will we assign a winner to ‘guess the close’, how will order be maintained, how will we be able to quickly identify posters with long names, how will multiple posters be addressed in a succint manner?

    Just to be clear – is there any chance this is changing?

    …and to stay on topic, the Pershing Sq. letter is good.

15. 15
    Posted by NakedShort | August 26, 2010 at 5:48 PM

    I cant wait to intergrate my Facebook profile on this platform, that way everyone can see how cool I am and how much fun I am having in my Facebook photos.

16. 16
    Posted by Pfluger the Barbarian | August 26, 2010 at 5:56 PM

    Hey Darkbrows – S a D!

    (Suck a Disqus)

17. 17
    Posted by Non-entity hedge fund manager | August 26, 2010 at 5:59 PM

    Conceptually, you are giving back performance fees that were accrued in Q1 (when the fund was profitable) in Q2, when the fund was unprofitable and the YTD return number declined from where it was at the end of Q1. I’m actually pretty sure that the accounting methodology used to report the performance statistics to HF investors is alpha generative, as the performance fee has the effect of smoothing out volatility (read: reducing beta). Lol @ investors in hedge funds.

18. 18
    Posted by Anon | August 26, 2010 at 6:10 PM

    Each quarter’s performance (gross and net) is not recorded on a stand-alone basis? I’ve never seen this before.

19. 19
    Posted by Fannypack44 | August 26, 2010 at 6:15 PM

    Not covered in your Comp Lit seminars?

20. 20
    Posted by Anonymous | August 26, 2010 at 6:17 PM

    If Lisa Falcone can teach a pig how to play the piano, how come someone can’t teach the DB IT fucktards how to get this right?

21. 21
    Posted by Sauceness | August 26, 2010 at 6:23 PM

    Slow.Disqus.Day.

22. 22
    Posted by Anonymous | August 26, 2010 at 6:29 PM

    Remove the sand from your vagina. TIA.

23. 23
    Posted by Anonymous | August 26, 2010 at 6:29 PM

    Remove the sand from your vagina. TIA.

24. 24
    Posted by Guest | August 26, 2010 at 9:21 PM

    look @ bess getting some quotes (love) on the wsj site:

    http://online.wsj.com/article/BT-CO-20100826-714251.html

25. 25
    Posted by deeznutz | August 27, 2010 at 3:45 AM

    This is some sad, sad, sad, sad shit right here.

    Big badass bill ackermancomping himself to the”indexes” !!!

    BWAHAHAHAHAHHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHA.

    Listen byaaatttccchhhh. You set your standard and if you dont meet it, then you failed. Period.

    Follow billybathwater, follow. Mutual funds comp to indexes. Not hedge funds.

    And if you have any questions, just ask

    deeznutz

26. 26
    Posted by banners printing | February 17, 2011 at 10:50 PM

    Can we rely only on the quarterly results of the funds???
    Can it not be changed???? What happened before financial crisis??? Quarterly reliance on the data could be twisted and can be manipulated as well….

27. 27
    Posted by T.v Serials | July 12, 2011 at 3:42 PM

    You might know that Bill Ackman plays tennis regularly with George Soros.
    But did you know he’s also rallied with a former Wimbledon champion?
    And yes, it’s pretty obvious that the Pershing Square chief is a stellar investor.

28. 28
    Posted by angelcarlson | January 26, 2012 at 9:28 PM

    Hope this year will be better….

29. 29
    Posted by Tania Marco | March 29, 2012 at 11:40 AM

    It looks like a good achievement. Good job.

30. 30
    Posted by Bristol Airport Hotels | April 19, 2012 at 3:06 AM

    wd7ZJb I cannot thank you enough for the article post.Really thank you! Want more.

31. 31
    Posted by restaurants in kyrenia north cyprus | April 23, 2012 at 8:45 AM

    Really enjoyed this blog.

32. 32
    Posted by buy ebooks | April 23, 2012 at 9:01 AM

    I loved your blog.Much thanks again. Fantastic.

33. 33
    Posted by oem software | May 2, 2012 at 3:26 AM

    282Iyo This is one awesome post.Much thanks again. Great.

34. 34
    Posted by forex indicator | May 8, 2012 at 12:47 PM

    Very good blog.Really thank you! Want more.

35. 35
    Posted by alliegladson | May 21, 2012 at 1:14 PM

    You're doing great!! congratulations.

36. 36
    Posted by Drupal Experts | May 22, 2012 at 6:31 AM

    Great work doing!!!!! Congratulations…. :)