During a volatile market during the third quarter, several prominent hedge funds saw their returns decline. Pershing Square, Bill Ackman (Trades, Portfolio)’s fund, fell 12.5% in September, bringing its total third quarter decline to 15.3%. This compares to the HFRX Equity Hedge Index low of 2.08% for September. It also declined 12.6% for the first three quarters of the year, compared to the index decline of 3.13%. The first two weeks of the fourth quarter fared better, up 3.6%, but the tot...
During a volatile market during the third quarter, several prominent hedge funds saw their returns decline. Pershing Square, Bill Ackman (Trades, Portfolio)’s fund, fell 12.5% in September, bringing its total third quarter decline to 15.3%. This compares to the HFRX Equity Hedge Index low of 2.08% for September. It also declined 12.6% for the first three quarters of the year, compared to the index decline of 3.13%. The first two weeks of the fourth quarter fared better, up 3.6%, but the tot...
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