By no means has everything gone right for the Pershing Square Capital Management chief in 2014. His whole Herbalife-destroying performance actually lost him money, for one. But it’s pretty much the only thing that has lost him money this year. Sure, Allergan told him to piss off. But then the courts told Allergan to piss off itself and told Bill they’d be happy to hear what he had to say when he wanted to say it. Oh yea and he’s still way up on that whole mess, anyway. And just when he got to suing the government for refusing to do what he wants with Fannie Mae and Freddie Mac (and then suing them again), Burger King decided to buy a Canadian icon for tax purposes, making him a whole bunch more money. So, yea, Bill’s feeling pretty good right now.
Billionaire investor William Ackman's Pershing Square Holdings portfolio, the hedge fund he plans to list publicly later this year, has gained 31.2 percent this year through August, an investor in the fund said on Wednesday.
The portfolio gained 3.1 percent last month, extending its already strong gains for the year which have made it one of the industry's best performing funds this year.