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Four years ago, some had left Bill Ackman for dead. His Pershing Square Capital Management had just suffered its third-straight down year, laid off one in five employees, and Ackman was having some very hard conversations with himself.

As it turns out, however, that rough 2017 was a turning point. PS was down just 4%, remarkable considering the $4 billion bath it opened the year with. Bill fell in love, and since then his bells have worn threadbare with the ringing of victories. A 70% gain in 2020 followed the 58% gain in 2019 as the Ackmanaissance proved immune to the coronavirus. And we can now say that this epoch in history has well as truly entered its fourth year.

Ackman’s publicly traded hedge fund, now his largest, gained 27 percent net in 2021, with a 5.7 percent rise in December, according to a report to investors. Not counting the $4 billion in the SPAC that has yet to ink a deal with a partner, Pershing Square’s total assets are now $18.48 billion. That puts the firm in striking distance of the $19 billion at which it peaked in 2015, before losses pummeled Pershing Square in the middle of the past decade.

See? Who needs a SPAC or a SPARC, anyway?

Another Banner Year for Bill Ackman [II]


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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.

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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.

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Is The Ackmanaissance Innoculating Ackmania Sufferers?

David Einhorn’s symptoms have been downgraded to mild.

Hot rod Bill Ackman.

Just Call Him Blue-Chip Bill

Playing FTSE in the Ackmanaissance.

Hot rod Bill Ackman.

Bill ‘Can’t Miss’ Ackman Can’t Wait To Tell You About His New Position

He was gonna hold off until next year, but man, he’s just so happy about everything right now and can’t keep it in.

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Too Big To SPAC

The SPAC is dead! Long live the SPARC!


Who’s Administering The Enemas Now, Danny?

Bill Ackman and his new buddy are holding the tube this time.