Pershing Square Up 11% Through Feb.

Mar 10 2014 | 2:50pm ET

It took Pershing Square Capital Management nearly all of last year to hit double-digit returns. This year, the firm has done it in two.

The New York-based firm is up more than 11% this year after rising 7.3% in February, The New York Times reports. Pershing Square was boosted by its roughly 10% stake in the common shares of both Fannie Mae and Freddie Mac.

If Pershing Square founder William Ackman is right about the two government-backed mortgage giants, they'll continue to fuel his returns: Last month, he said that if the hedge funds suing the U.S. government over their bailout of the companies succeeds, their share prices could soar by as 10- or 15-fold.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...