It's Getting Hard To Remember When Bill Ackman Wasn't A Golden God Of Finance

The Ackmanaissance is raging on into 2019.
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Can you recall a time in the long ago past when the price of Herbalife stock refused to go down and the price of JCPenney and Valeant stock refused to go up? Do you have a faint recollection of that era being very difficult for Bill Ackman and Pershing Square Management, setting fire to his AUM and reputation, creating a reality in which lowbrow finance news sites turned him into a punchline?

AckmanAlpha

Yeah, neither can we.

All we think about when we think about Bill Ackman is a demigod of stock picking. A bronze Adonis of asset management who never puts a foot wrong, takes juicy profits from dry dirt and is about to marry a globally-respected genius who just happens to also be super hot. In short, the Bill Ackman of 2019 is the true Bill Ackman.

Right, Reuters?

Billionaire investor William Ackman’s publicly traded hedge fund gained 7.1 percent in the first week of January, according to an investor update, marking the strongest start to a new year ever for the firm.
Early January stock gains at Chipotle Mexican Grill, one of Ackman’s most potent investments ever since he helped install a new chief executive last year, helped power the portfolio forward. Gains at Platform Specialty Products Corp and Lowe’s Companies also helped.

Don't call it a comeback, call it "The Ackmanaissance." And don't pretend that it's not uniquely spectacular...

The average activist investor has started 2019 with losses, according to Hedge Fund Research data.

How did anyone ever doubt him?

Ackman's Pershing Square fund powers ahead in new year [Reuters]

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