Bill Ackman’s Restructuring Lay-Off Plan
Can Bill Ackman’s restructuring lay-off plan reverse three years of straight losses at Pershing Square? Top investor Bill Ackman’s fund Pershing Square yielded sub-par performance in 2017. In 2017, Pershing lost 4 percent while the S&P 500 gained 21.8 percent. Moreover, the fund lost 20.5 percent and 13.5 percent in 2015 and 2016, respectively. The poor performance of the Pershing Square fund is demoralizing for Bill Ackman, bearing in mind that the billionaire activist contrarian investor has literally been outperformed by a dart-throwing chimpanzee. Perhaps that too is a stark reminder to investors (great and small) not to be...
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