TORONTO (Reuters) – Billionaire investor William Ackman’s hedge fund Pershing Square Holdings lost 8.2% in January, clawing back returns in the last week of the month after recording heavier losses.
Ackman’s Pershing Square Holdings portfolio ended the first three weeks of January down 13.8%, the worst performance to start a year for Ackman in years.
However, Pershing Square Holdings lost 1.3% in both January 2021 and January 2020 after making gains of 18.3% in the first month of 2019.
(Reporting by Maiya Keidan)
