Bloomberg News

Ackman’s Pershing Square Said to Gain 25% in First Half

July 02, 2014

Pershing Square Capital Founder Bill Ackman

Bill Ackman, founder and chief executive officer of Pershing Square Capital Management LP, pauses during a Bloomberg Television interview in New York, on Wednesday, April 23, 2014. Photographer: Scott Eells/Bloomberg

Pershing Square Capital Management LP, the hedge-fund firm run by Bill Ackman, posted a 25 percent gain in its main fund for the first six months of the year, according to a person with knowledge of the returns.

The fund climbed 2.4 percent in June, said the person, who asked not to be identified because the information is private. Pershing Square is based in New York and manages $14.7 billion. The returns were reported earlier today by the Wall Street Journal.

Ackman’s fund benefited as Allergan Inc., whose largest shareholder is Pershing Square, surged more than 50 percent in the first half as the drugmaker resists a takeover bid. Fran McGill, a spokesman at Pershing Square at Rubenstein Associates, declined to comment on the returns.

To contact the reporter on this story: Saijel Kishan in New York at skishan@bloomberg.net

To contact the editors responsible for this story: Christian Baumgaertel at cbaumgaertel@bloomberg.net Josh Friedman


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