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Ackman's Public Hedge Fund Beats Market With 12.7 Pct Gain

by nasdaq.com posted 1year ago 62 views
Join the Nasdaq Community today and get free, instant access to portfolios, stock ratings, real-time alerts, and more! NEW YORK, Aug 9 (Reuters) - William Ackman's publicly traded hedge fund is outperforming the broader stock market this year, fueled by rising prices at Chipotle Mexican Grill and Automatic Data Processing Inc, the billionaire investor said on Thursday. "While a few months of strong performance is too short a period to judge our performance, we believe that (Pershing Square Holdings) is back on track," Ackman wrote in his firm's interim financial report.

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