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Ackman’s private hedge fund Pershing Square LP up 6.8per cent month-to-date, up 0.8per cent year-to-date: source

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Business

Billionaire investor William Ackman, who hedged his portfolio weeks ago to guard against coronavirus-inspired panic selling, told investors that his private hedge fund is making money this year, an investor said on Wednesday.

FILE PHOTO: William Ackman, CEO and Portfolio Manager of Pershing Square Management, is pictured during the Harbor Investment Conference in New York, U.S. on February 13, 2013. REUTERS/Shannon Stapleton/File Photo

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BOSTON: Billionaire investor William Ackman, who hedged his portfolio weeks ago to guard against coronavirus-inspired panic selling, told investors that his private hedge fund is making money this year, an investor said on Wednesday.

Pershing Square LP gained a net 6.8per cent this month, leRead More – Source