Ackman's private hedge fund Pershing Square LP up 6.8% month-to-date, up 0.8% year-to-date: source
BOSTON - Billionaire investor William Ackman, who hedged his Pershing Square Capital management portfolio weeks ago to guard against coronavirus-inspired panic selling, told investors his private hedge fund is making money this year, an investor said on Wednesday.
The Pershing Square LP fund gained a net 6.8% this month, leaving it up 0.8% after fees for the year to date, the source said. The publicly traded Pershing Square Holdings fund is up 7.9% for the month and 0.2% for the year.By comparison the average equity-focused hedge fund is down 15.5% for the month through Thursday, with average year-to-date losses at nearly 16%, data from Goldman Sachs show.
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