Ackman Says Pershing Square Holdings Up 01 Percent This Year


BOSTON – Two days after billionaire investor William Ackman told clients that he was making money across all his funds again, he said on Thursday that his publicly traded Pershing Square Holdings Ltd portfolio was barely in the black so far this year.

The portfolio (PSH) gained 9.4 percent in the second quarter through May 15 after having lost 8.6 percent in the first quarter, Ackman wrote in a letter to investors. That left a 0.1 percent gain for the year through May 15.

The broader S&P 500 stock market index gained 2.1 during the same time.

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