Ackman's Pershing Square's Assets Fell 20 Percent in 2017
- New York hedge fund reported 4 percent loss on investments
- Bought and sold positions in S&P Global, confirmed Nike stake
Bill Ackman
Photographer: Andrew Harrer/Bloomberg
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Bill Ackman’s Pershing Square Capital Management reported a net loss of 4 percent on its investments in 2017, with assets under management falling by almost $10 billion over the past two years.
Pershing Square said in a presentation Monday that total assets under management fell to $8.77 billion at the end of 2017, down from about $11 billion at the same point in 2016 and $18.3 billion in 2015. The fund’s net loss trailed the broader hedge fund industry, which returned 6.5 percent on average on an asset-weighted basis in the best annual performance since 2013, according to a Hedge Fund Research report this month.