Pershing Square Off To Strong '14 Start

Feb 5 2014 | 10:39am 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

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...