Bill Ackman is a billionaire for a reason. While most of you mere millionaire spartan types struggle to keep up with the Joneses, Montauk Bill is constructing giant buildings and acquiring $100 million apartments as a matter of leisure and ‘fun.’
He takes gigantic positions in soon to be bankrupt biotech companies and shorts the shit out of stocks that soar. But none of that matters, for Bill is blessed by the Gods to continue his quest to collect billions of dollars and to make Pershing Square great again.
Thanks to his positions in FNMA, CP, APD and QSR, Ackman enjoyed a rather effervescent lift in November, climbing by 10% — cutting his losses in half for 2016. About $500m of the gains were propelled by Fannie Mae, all thanks to Trump. Also, his HLF short plunged 19%.
Bear in mind, 6 months ago, Bill was besieged in ruin. His fund was down 25%, following a horrendous 2015 (-20.5%). To be down just 10% for the year is truly evidence of the genius of Bill, a man who needs no introduction or assistance as it pertains to the art of professional money management.
Congrats to Bill for making it back and double congrats for clients of Pershing for only losing 10% this year and just -30% over the past two.
Content originally generated at iBankCoin.com
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