Pershing Square Soars 12% In November

Dec 6 2010 | 4:22am ET

November was one of the worst months of the year for the hedge fund industry, which saw broad losses. But it was easily the best month of the year for William Ackman and Pershing Square Capital Management.

The New York-based firm's flagship hedge fund soared 12.2% last month, reports. The huge November accentuates what has been a huge 2010 for Pershing Square, whose $3 billion Pershing Square fund is up 27% on the year.

Pershing Square manages a total of $8.46 billion.

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