Things look great for the activist - investor Bill Ackman. Pershing Square Holdings posted a 36.9% increase for the first quarter of this year, up 38% from the start. For comparison, the S&P500 from the beginning of the year is up 15.6%.
Growth for this year may be a good opportunity to attract fresh money to the fund, which has suffered a number of losses in recent years. In 2018, the fund's value lost nearly half of its value, which reached $ 20 billion in 2015. In 2017, Pershing's value fell by 4%, and in the same year the S & P500 posted a 20% growth.
The exceptional performance of the fund is due to the good selection of Ackman in individual stocks that have performed significantly better. He manages the portfolio through the investment firm Pershing Square Capital Management. Ackman notes that the shares of Chipotle Mexican Grill have contributed most to the excellent performance of the portfolio. The fund also invests in companies like Starbucks and Restaurant Brands International.
Source: CNBC
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