Skip to main content

Skepticism of the Ackmanaissance is certainly understandable. Could a man who had well and truly bottomed out really pick himself up and reinvent himself with the power of love and some half-century old advice from Warren Buffett? Could he really avoid the sort of disastrous investments that he’d been helplessly lured in by in the past? Could he make a major life sciences investment without losing everything? Was it real? Or was it all just a blip, a one-year stretch of good luck before Ackman descended back into the depths of despair and Ackmania?

Well, baby, like true love, the Ackmanaissance is real, and it’s spectacular.

His publicly-traded hedge fund firm ended the year up 58.1%, massively outperforming the broader market and the average hedge fund.

Meanwhile, his old buddy David Einhorn also seems to be getting over his divorce, posting a (by hedge fund standards) strong year in spite of a late recurrence of his own case of Ackmania.

David Einhorn’s Greenlight Capital fell 0.3% across its hedge funds in December, trimming returns for 2019 to 13.8%.... Despite the down month, Einhorn rebounded from his worst year ever in 2018, when his main fund sank 34%.

Speaking of getting over divorces, it took Chris Hohn of the (Not So Much For) Children (Anymore)’s Investment Fund six years to recover from his, but he’s done so in a nearly Ackmanesque way.

The activist hedge fund surged 40.6 percent last year, according to a person with knowledge of the performance…. This is TCI’s best year since 2013, when it produced gains in the mid-to-upper-40 percent range, depending on the share class, according to a TCI document obtained earlier.

Hedge fund manager Bill Ackman delivers 58.1% return for investors in 2019 [Yahoo! Finance]
Einhorn’s Greenlight Gains 14% for Year After Dip in December [Bloomberg]
TCI Posts Best Gains Since 2013 [II]


Getty Images

Is The Ackmanaissance Innoculating Ackmania Sufferers?

David Einhorn’s symptoms have been downgraded to mild.

Getty Images

All Bill Ackman Had To Do To Stop Losing Money Was Read A 50-Year-Old Letter From Warren Buffett

Pershing Square investors past and present may wonder what took him so long, but he got there, and that’s the important lesson of his spiritual journey.


Hedge Fund Manager Fails In Effort To The Renege On Charitable Deal With Ex-Wife

The inscrutable, incomprehensible and completely unnecessary legal battle between the former Cooper-Hohns comes, after much time and expense, to its meaningless and inevitable conclusion.


Company Pulling Out All The Stops To Piss Off Chris Hohn

Maybe if it keeps at it, Wirecard can get itself charged with the Kennedy assassination.

Getty Images

I Literally Have No Idea What These Two Extremely Rich People Are Fighting Over

TCI’s Chris Hohn is trying to stop a grant to his ex-wife’s charity that he agreed to because who the hell knows?

Getty Images

Bill Ackman To Stop Doing Thing He Hasn’t Done In Years

You won’t be seeing any future Herbalife-like crusades from Pershing Square anymore.