Pershing Square Up Almost 30%

Jan 11 2011 | 6:02am ET

Pershing Square Capital Management had an average December. But the firm’s flagship fund didn’t need a strong month, given how well it did in the previous 11.

The $3.2 billion fund ended the year up 29.7%, some three times the average hedge fund’s performance and about twice the 2010 return for the Standard & Poor’s 500 Index. The fund was up 2.1% in December, reports.

Pershing Square’s eponymous hedge fund soared 12.2% in November.

The New York-based Pershing Square manages $8.7 billion.

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