Ackman’s Pershing Square Returns 25% in Strong Start to 2019
- Investments in Chipotle, ADP, Starbucks helped drive gains
- His publicly traded vehicle implements quarterly dividend
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Bill Ackman’s Pershing Square Capital Management is off to its strongest start to a year on record, reporting a roughly 25 percent return on its investments so far in 2019.
That represents a turnaround for Ackman’s activist fund in the early part of the year, after a 10.8 percent loss on its investments in December and a 0.7 percent decline for all of 2018. Pershing Square returned 24.7 percent on its investments this year through Feb. 12, according to a statement Wednesday. Last year, its annual returns were down 9.4 percent through Feb. 13.