Bill Ackman has fallen out of a list of the top 20 best-performing hedge fund managers of all time one year on from breaking into it after his Pershing Square fund lost several billion dollars over 2015. Mr Ackman’s rapid entrance and disappearance from an annual list compiled by LCH Investments, the fund of hedge funds run by the Edmond de Rothschild group, illustrates the challenge faced by hedge funds which aim to generate consistently outsized returns without risking catastrophic losses. [FT]
Maybe Bill Ackman Should Use Labor Day Weekend to Think About Whether This Hedge Fund Thing Is Right For Him
Or at least just reevaluate his relationships with Herbalife and Valeant.