Bill Ackman Actually Pretty Good At Running A Hedge Fund

He’s up 10%, in spite of, you know, those setbacks.

Ackman’s flagship $3.9 billion Pershing Square L.P. returned 1.4% and is now up 10% for the year through the end of November. The offshore $5.1 billion Pershing Square International, which runs a similar activist strategy, rose 1.2% and has gained 9.4% year-to-date, the update said.

Ackman’s Pershing Square L.P. up 1.4% in November [WSJ]

13 comments (hidden to protect delicate sensibilities)
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Comments (13)

  1. Posted by Guesto Joe | December 4, 2013 at 5:09 PM

    10 Words. NOICE.

  2. Posted by Uncle Carl | December 4, 2013 at 5:11 PM

    I will be launching a push for a proxy vote on the editorial staff of Dealbreaker. I believe it is in the best interest of the readers that we replace Shazz Man with one of my apointees.

  3. Posted by Uncle Carl | December 4, 2013 at 5:14 PM

    We will then replace my editorial staff with an editorial staff that can spell "appointees". Thank you.

  4. Posted by selfselecting | December 4, 2013 at 5:30 PM

    a hedging fund lagged the s&p 500 lol scam

  5. Posted by IR Quant | December 4, 2013 at 7:13 PM

    Great addition to the conversation, way to highlight that every hedge funds marketing documents say in giant letters "WE AIM TO BEAT THE S&P 500"

  6. Posted by St. Copious | December 4, 2013 at 8:57 PM

    Funny thing: No hedge fund ever (even long only) complains about being compared to the S&P 500 when they're beating it. Nor do they fail to mention it in marketing docs.

  7. Posted by Guest | December 5, 2013 at 10:02 AM

    If you think using LOL on the Dealbreaker comment board is like, totally cool with us, well………GTFO

  8. Posted by Bored Guest | December 5, 2013 at 10:24 AM

    If you count "He's" as two words and "%" as a word, then it's up to 12!

    - St. Generous

  9. Posted by Bored Guest | December 5, 2013 at 10:24 AM

    "Clearly retail has not been our strong suit, and this is duly noted."

    - Billy

  10. Posted by non-UBS anything | December 5, 2013 at 1:52 PM

    You realize HNW and institutions place large sums of money into funds the way peasants like you place into blue chips, right? You have no idea if they are creating alpha that way. Back to ECO 101 with you.

  11. Posted by Guest | December 6, 2013 at 12:42 AM

    Peasants? Peasants are the 125k / year public investment officers, insurance company drones and FoF morons who pay 2 and 20 for market lagging returns with the same or more risk. You would know this if you actually ever worked in alt assets.
    Back to whatever it is you do with you.

  12. Posted by El Stupido | December 6, 2013 at 12:30 PM

    Donkey like Ackman lagging the mutual fund I pay 50 BPs a year in fees to by 2000 BPs only topped by the donkeys that pay him for the "privilege" to invest with him and the donkeys that defend him and his business model.

  13. Posted by Javier Gonzalez, PhD | January 2, 2014 at 7:37 PM

    Up 10% despite Herbalife? Well, that's how a hedge fund manager should spread the portfolio, so that even when a position gets manipulated, the hedge fund is able to survive and even thrive.