Friday, 25 July 2014
Last updated 52 min ago
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, Dealbreaker.com 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…