Monday, 29 August 2016
Last updated 20 min ago
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, Dealbreaker.com reports.
Pershing Square’s eponymous hedge fund soared 12.2% in November.
The New York-based Pershing Square manages $8.7 billion.