32106Comments (20)http%3A%2F%2Fdealbreaker.com%2F2010%2F12%2Fpershing-squares-november-performance-is-cause-for-tears-of-joy%2FPershing+Square%27s+November+Performance+Is+Cause+For+Tears+Of+Joy2010-12-03+15%3A29%3A33Bess+Levinhttp%3A%2F%2Fdealbreaker.com%2F%3Fp%3D32106

1. 1
   Posted by GGGuest | December 3, 2010 at 3:49 PM

   with the S&P only +0.01% I need AIG Quant’s help to calculate how much alpha this is. My calculator can’t handle the digits.

2. 2
   Posted by Burt Reynolds | December 3, 2010 at 4:06 PM

   $Texas

3. 3
   Posted by Texashedge | December 3, 2010 at 4:08 PM

   Looks like their returns are right on target.

4. 4
   Posted by AIG Hitman | December 3, 2010 at 4:12 PM

   Did ya check out the CDS portfolio? I wonder how quickly they can unwind when this begin to go south? Just putting it out there.

   -AIG- Hitman

5. 5
   Posted by Its Not a Hedge Fund | December 3, 2010 at 4:24 PM

   Looks like Bill’s compensation scheme is doing well this year.

6. 6
   Posted by Non-Entity Hedge Fund Manager | December 3, 2010 at 4:27 PM

   Better than most…. BETTER THAN MOST!!!!!

7. 7
   Posted by Gary Koch | December 3, 2010 at 4:36 PM

   http://www.youtube.com/watch?v=qrvP02Oit04

8. 8
   Posted by The Punchliner | December 3, 2010 at 4:50 PM

   Today I will only write the punchlines of my favorite jokes.

   Here’s one: “Well, for a Catholic priest with a small parish I think that is pretty darn good!”

9. 9
   Posted by The Punchliner | December 3, 2010 at 4:50 PM

   Today I will only write the punchlines of my favorite jokes.

   Here’s one: “Well, for a Catholic priest with a small parish I think that is pretty darn good!”

10. 10
    Posted by Details Details | December 3, 2010 at 4:52 PM

    “The Punchliner 0 minutos atrás….”

    So DB has Disqus doing Spanish simulcasts?

11. 11
    Posted by Bruh | December 3, 2010 at 5:05 PM

    Nothing like a cool $200 mil for a month’s work

12. 12
    Posted by Will | December 3, 2010 at 5:34 PM

    So what’s up with the Dealbreaker/Bess Levin watermark, personalized return memo from PS?

13. 13
    Posted by Guest | December 3, 2010 at 6:34 PM

    what do you mean, ‘what up with’ it?

14. 14
    Posted by Madoff Capital | December 3, 2010 at 7:01 PM

    I can guarantee you 12% a year just like clockwork.

    What, too soon?

15. 15
    Posted by GGGuest | December 3, 2010 at 9:14 PM

    will = zerohedge = sad can’t just take bess’s work as easily now without citing

16. 16
    Posted by Will | December 3, 2010 at 9:54 PM

    Let me try and make it a little easier: why is there a watermark on the Pershing Square return letter that reads Dealbreaker/Bess Levin, does this mean Pershing Square have DB on their mailing list?

17. 17
    Posted by Ed Guts | December 4, 2010 at 3:59 AM

    Does anyone know where to read for good fund picks? I am quite new to the investment game… any help is appreciated

18. 18
    Posted by Guest | December 6, 2010 at 4:42 PM

    Well considering he was only up 13% before November (if my aig math is correct), I don’t think think he’ll beating the S&P on risk adjusted basis this year.

19. 19
    Posted by AlphaClone | December 7, 2010 at 6:49 PM

    Clone vs Fund – Pershing’s Top 10 Holdings clone which invests quarterly in his largest 10 positions at the time they are disclosed is up 32% on the year (gross) http://screencast.com/t/TLpOVxB2db

20. 20
    Posted by AlphaClone | December 7, 2010 at 6:51 PM

    er, maybe a little bit.