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Bill Ackman Doesn’t Need Your Pity


Not even a historic PR disaster leading to a 25% surge in the shares of its $1 billion short can keep Pershing Square down this year.

Pershing Square Holdings has risen 27.2 percent this year, according to an investor in the fund, after extending its gains modestly last month when many hedge fund managers suffered losses. The Pershing Square Holdings fund inched up 0.6 percent in July.

Dan Loeb, however, could use the pick-me-up, having given back about a quarter of his first-half returns last month. Which is nothing compared to how galling it is to be 20 percentage points in back of Bill Ackman.

Pershing Square Holdings fund up 27.2 pct through July [Reuters]


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