Pershing Square Off To Strong '14 Start

Feb 5 2014 | 9:39am ET

Pershing Square Capital Management's second-half revival extended into January, as the New York-based activist hedge fund rose 3.8% to open 2014.

Pershing Square did not elaborate on how it made the return as the Standard & Poor's 500 Index dropped by nearly as much. But the firm profited from Suntory Holdings' deal for distiller Beam Inc., which counts Pershing Square as its largest shareholder. Other constituents of firm founder William Ackman's concentrated portfolio also did well, including Burger King Worldwide, which rose 6.08% last month.

Pershing Square returned 9% last year, with most of the gains coming in the second half—and in spite of huge, highly-publicized losses on Herbalife and J.C. Penney Co.

Pershing Square's offshore International Fund rose 4.1% on the month.


In Depth

The Benefits Of Private Debt Investing

May 7 2015 | 10:43am ET

Jeffrey Haas is chief operating officer of Old Hill Partners Inc., an SEC-registered...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

How To Generate 6% Yield In A Volatile World

May 22 2015 | 6:41am ET

Private credit comes in many different flavors, all with the common themes of over...

 

Editor's Note