Thursday, 3 September 2015
Last updated 15 hours ago
Dec 4 2013 | 2:17pm ET
When Pershing Square Capital Management has been in the news this year, the news has been almost uniformly bad. The hedge fund's $1 billion short against Herbalife Inc. has suffered a $500 million paper loss and dragged firm founder William Ackman into a nasty public feud with Carl Icahn. And Pershing Square's huge investment in J.C. Penney Co. also cost it a half-billion dollars this year.
But in spite of those sizeable setbacks, the $12 billion New York-based firm is poised to post very respectable returns, indeed, this year. Pershing Square's flagship hedge fund is up 10% this year after rising 1.4% last month, easily topping most industry indices.
Pershing Square's offshore International Fund is nearing double digits, up 9.4% after a 1.2% jump in November.
Most of the firm's turnaround is due to its 7.9% return in October.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…