Pershing Square

Can't say enough good things about this guy.

Can’t say enough good things about this guy.

Raw performance figures failing to adequately capture the scale of Ackman awesomeness for you? His status as an autograph-signing celebrity still not quite illustrative enough? Require, perhaps, a dollar figure? Or a ranking that shows the Pershing Square chief taking his rightful place among the GREATEST HEDGE FUND MANAGERS OF ALL TIME? We can do that for you. Read more »

Can you believe these hedge fund guys back here with whom I have no association?

Can you believe these hedge fund guys back here with whom I have no association?

Let’s get one thing straight. Pershing Square is not a hedge fund. And Bill would appreciate it if you’d stop describing it as thus. Read more »

  • 07 Jan 2015 at 5:36 PM

Bill Ackman Makes The Boldest Of Claims

This one doesn’t have to do with Herbalife, per se, but the sort of proclamations we’ve come to know and love from Bill re: Herbalife in general. Like that it’s going to (paraphrasing): be raided by the feds on an exact day, that his next presentation on the company will reveal where all the dead bodies are, literally, like he’s going to present the audience with some actual corpses, etc. Those sort of things, you can kiss good-bye. Ackman is sick of the heat he gets for them so no more. You blew it and this is why we can’t have nice things. Never again will he engage in big, splashy, public campaigns. Finished. Finito. 100% done. Well, okay, 98%. We’ve got to leave the door just the slightest bit ajar. Read more »

William Ackman

Things are going pretty well for Bill Ackman these days. And they’re getting better with each passing one. Read more »

mag-06Talk-t_CA0-articleInlineOn this first matter, his firm returned over 40% in 2014. As for the second, sadly, it’s a secret for now. Read more »

billackmanpershingsquare“Excuse me, Mr. Ackman? Can I have your autograph?” It’s a rainy afternoon in early December, just outside Pershing Square’s offices. William Holmes, a recent college graduate with a degree in economics, is shivering in the cold, holding a notebook. “I’ve studied everything you’ve done,” the young man gushes. “You are like the Socrates of our time.” Ackman writes the kid a note. “I’m telling you, I have a huge fan base,” he says as the beaming young man walks off. Then he turns to head back up to work. [Bloomberg via Matt Levine]

  • 24 Dec 2014 at 1:33 PM

Pay Day ’14: Hedge Fund CEOs

Dan Loeb Bill AckmanBill Ackman, head of the best performing large hedge fund firm, is poised to pull in at least $1 billion, according to rough CNBC calculations using his net worth, stake in $19 billion Pershing Square Capital Management and the fund’s stellar 35 percent return net of fees through early December. Larry Robbins also pulled in about $600 million so far this year, according to a similar estimate. His Glenview Capital Management has surged again, gaining 12 percent in its main fund and 21 percent in a concentrated version through November, according to performance information obtained by CNBC. Glenview managed $9.9 billion as of Sept. 30. And Dan Loeb, whose main hedge fund is up 7.1 percent through November, appears set to make about $230 million this year. Third Point manages $16.5 billion. [NetNet]

Were You In The Right Hedge Funds This Year?

Pret-tay pleased with himself.In a word, no. Unless you’re a Pershing Square client or went in really big on Indian hedge funds and other vehicles run by people you’ve never heard of. Read more »