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Pershing Square Did Pretty Okay For Itself Last Month

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October performance.

After a disastrous third quarter that left it flat for the year, hedge fund mogul Bill Ackman is coming back. Ackman’s $11.5 billion Pershing Square hedge funds gained about 8 percent in October, according to a note sent to investors, a copy of which was reviewed by The Post. The funds are up about 8.5 percent for the year. All of Ackman’s holdings gained for the month, but the standout was Canadian Pacific, which rose 16 percent. That stock has tripled since Ackman bought it, leading him to sell about 30 percent of his stake last month for $835 million. It remains one of his biggest holdings.

Ackman’s Pershing Square up 8% in Oct. [NYP]


Dan Loeb Did Pretty Okay For Himself Last Month

He's got a fallback career as a ghostwriter of letters that will cause the recipients to piss their pants in fear but for now it looks like this whole hedge fund manager thing is panning out pretty well.