Facebook with Latestnigeriannews  Twieet with latestnigeriannews  RSS Page Feed
Home  |  All Headlines  |  Punch  |  Thisday  |  Daily Sun  |  Vanguard   |  Guardian  |  The Nation  |  Daily Times  |  Daily Trust  |  Daily Independent
World  |  Sports  |  Technology  |  Entertainment  |  Business  |  Politics  |  Tribune  |  Leadership  |  National Mirror  |  BusinessDay  |  More Channels...

Viewing Mode:

Archive:

  1.     Tool Tips    
  2.    Collapsible   
  3.    Collapsed     
Click to view all Entertainment headlines today

Click to view all Sports headlines today

Billionaire hedge-fund manager Bill Ackman is poised to exceed 50% returns after a 3-year drought

Published by Business Insider on Sat, 07 Dec 2019


Bill Ackman's hedge fund is pacing itself for returns in excess of 50% through 2019 after three consecutive yearly losses.Pershing Square Capital Management posted a 3.4% gross gain for November, or 3.2% after fees.The month's performance brought its year-to-date return to 51.3% after fees.Pershing Square nearly secured a net yearly gain in 2018, but fees dragged its 0.7% growth to a -0.7% loss.Visit Business Insider's homepage for more stories.Bill Ackman's hedge fund is on track to land massive returns after three years of negative net performance.Pershing Square Capital Management posted a 3.4% gross gain for November, or 3.2% after fees. The month's performance brought its year-to-date return to 51.3% after fees.Should Pershing Square's 2019 surge continue through December, Ackman's fund will post its first year of positive net returns since 2014.Pershing Square nearly posted positive growth in 2018, but fees pulled yearly performance to -0.7% from 0.7%. Since then, Pershing Square has ditched chemical and business service companies from its portfolio and added investments in the insurance sector. Ackman's fund also shrank its long positions to nine from 11 in 2018.The fund is also on pace for its best yearly performance since its parent company, Pershing Square Holdings, went public in October 2014. Ackman's fund was formed in 2003 before going public on the Euronext Amsterdam exchange. It began trading on the London Stock Exchange in May 2017.Pershing Square Holdings manages nearly $7.2 billion across its "core funds," with the majority of its holdings concentrated in large-cap firms.Ackman, the founder and CEO of Pershing Square Capital Management, boasts a net worth of roughly $1.8 billion, according to Bloomberg data. He led the hedge fund Gotham Partners from 1993 to 2003.Now read more markets coverage from Markets Insider and Business Insider:Michael Dell is reportedly moving his $16 billion portfolio from stock picking to private marketsTreasury Secretary Steven Mnuchin is working with the Federal Reserve to curtail another repo rate crisis, report saysThe CEO of the top-selling cannabis shops revealed how a strategy he shares with Starbucks is crucial to his successJoin the conversation about this storyNOW WATCH: A big-money investor in juggernauts like Facebook and Netflix breaks down the '3rd wave' firms that are leading the next round of tech disruption
Click here to read full news..

All Channels Nigerian Dailies: Punch  |  Vanguard   |  The Nation  |  Thisday  |  Daily Sun  |  Guardian  |  Daily Times  |  Daily Trust  |  Daily Independent  |   The Herald  |  Tribune  |  Leadership  |  National Mirror  |  BusinessDay  |  New Telegraph  |  Peoples Daily  |  Blueprint  |  Nigerian Pilot  |  Sahara Reporters  |  Premium Times  |  The Cable  |  PM News  |  APO Africa Newsroom

Categories Today: World  |  Sports  |  Technology  |  Entertainment  |  Business  |  Politics  |  Columns  |  All Headlines Today

Entertainment (Local): Linda Ikeji  |  Bella Naija  |  Tori  |  Pulse  |  The NET  |  DailyPost  |  Information Nigeria  |  Gistlover  |  Lailas Blog  |  Miss Petite  |  Olufamous  |  Stella Dimoko Korkus Blog  |  Ynaija  |  All Entertainment News Today

Entertainment (World): TMZ  |  Daily Mail  |  Huffington Post

Sports: Goal  |  African Football  |  Bleacher Report  |  FTBpro  |  Kickoff  |  All Sports Headlines Today

Business & Finance: Nairametrics  |  Nigerian Tenders  |  Business Insider  |  Forbes  |  Entrepreneur  |  The Economist  |  BusinessTech  |  Financial Watch  |  BusinessDay  |  All Business News Headlines Today

Technology (Local): Techpoint  |  TechMoran  |  TechCity  |  Innovation Village  |  IT News Africa  |  Technology Times  |  Technext  |  Techcabal  |  All Technology News Headlines Today

Technology (World): Techcrunch  |  Techmeme  |  Slashdot  |  Wired  |  Hackers News  |  Engadget  |  Pocket Lint  |  The Verge

International Networks:   |  CNN  |  BBC  |  Al Jazeera  |  Yahoo

Forum:   |  Nairaland  |  Naij

Other Links: Home   |  Nigerian Jobs