William “Bill” Ackman, founder and chief executive officer of Pershing Square Capital Management has fallen out of a list of the top 20 best-performing hedge fund managers of all time one year on from breaking into it after his Pershing Square fund lost several billion dollars over 2015.
Mr Ackman’s rapid entrance and disappearance from an annual list compiled by LCH Investments, the fund of hedge funds run by the Edmond de Rothschild group, illustrates the challenge faced by hedge funds which aim to generate consistently outsized returns without risking catastrophic losses.
The LCH Investments list measures hedge fund traders by the total dollars they have made for investors since launching. It shows that Ray Dalio of Bridgewater, the founder of the world’s largest hedge fund, reclaimed the top spot from the semi-retired George Soros.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.
Read the full story at Financial Times, by Miles Johnson (Subscription)
READ MORE: Bill Ackman
Citing tax reasons, Bill Ackman, the activist investor and a strong defender of Valeant Pharmaceuticals International, has reduced his firm’s stake in the drug company. In a regulatory filing, billionaire More…
From 2010, Valeant shares rose more than 10-fold to peak in August. Unfortunately, from a systemic perspective, just about every American is worse off as a result of Valeant’s strategy. Still, Valeant More…
Herbalife Just Fired a Massive Shot at Bill Ackman in an Epic One Sentence Press Release, October 30th, 2015
Bill Ackman is about to hold a call defending his position in Valeant Pharmaceuticals. And ahead of this call, Herbalife, the nutritional supplement company Ackman is famously betting against and has called a pyramid More…
Mondelez International: Here’s Why Bill Ackman Put $5 Billion Into This Food Stock, September 13th, 2015
Bill Ackman poured over $5 billion into Mondelez International, Inc. (NASDAQ:MDLZ), the maker of Oreo and Ritz crackers. Ackman has made some good bets in the past. Would this be another one of them? Last month, More…
While Novak Djokovic and Roger Federer prepare for a semifinals at the US Open in Flushing Meadows, Wall Street’s biggest hitters are gearing up for the first annual “Finance Cup” on Saturday. The More…
Bill Ackman, the activist hedge fund manager, has put a $5.5 billion bet on Mondelez (7.5 per cent stake), the maker of Oreo, Cadbury’s chocolate and Trident gum, in an attempt to force the food group More…
Billionaire investor Bill Ackman’s Pershing Square Capital Management has revealed a large equity stake in Nomad Foods, a London-based special-purpose acquisition vehicle (SPAC) created to acquire food businesses More…
Bill Ackman, the CEO of the $20 billion fund Pershing Square Capital, says his firm has two new investments that it has yet to disclose. During a conference call with Pershing Square Holdings investors More…
