Pershing Square has record pandemic performance with return of 70%
Back-to-back wins mark an impressive return for CEO Bill Ackman, whose hedge fund previously racked up three consecutive years of losses
05 January 2021 - 14:24
New York — Bill Ackman’s Pershing Square Capital Management reported a second straight record performance in 2020, as a bet in the early days of the pandemic helped the fund return 70% on investments.
The billionaire investor said Pershing Square had a net return of 4.6% in December alone. The annual results eclipsed the 16% gain in the S&P 500, and surpassed Ackman’s 2019 record of about 58%...
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