Hedge fund manager delivers 58.1%

[kadee79]

For 2019....

Activist investor Bill Ackman, the billionaire CEO of hedge fund Pershing Square Capital, made a huge comeback in 2019.

His publicly-traded hedge fund firm ended the year up 58.1%, massively outperforming the broader market and the average hedge fund. 

The 53-year-old activist investor, known for snapping up large positions in publicly-traded companies and pushing for changes from management to unlock shareholder value, has maintained a fairly low profile in the last year. He hasn’t been actively raising capital, or making appearances on financial television. He’s also done very few public speaking events.

At one of those rare appearances, the 13-D Active-Passive Investor Summit in April, Ackman credited his already double-digit turnaround to his “mentor” Warren Buffett.

The investor said that "one of the most instructive things" from his career has been reading the legendary Oracle of Omaha’s letters from the Buffett Partnership — the fund Buffett ran before Berkshire Hathaway and became a world-class authority on making money.

finance.yahoo.com/news/bill-ackman-pershing-square-2019-performance-130053673.html

[thyme4change]

I wonder if in 20 years we will find out he was breaking laws or unethical in some way.

[CCL]

The article also said he had negative returns in 2015, 2016, 2017 and 2018. That doesn't sound like a very good track record to me.

[djAdvocate]

hedge funds tend to better the general market as recession risks increase.

best to not ignore it.

[Bob Ross]

Could be he attracted 58.1% additional investments into his ponzi scheme.