Bill Ackman's Pershing Square has seen assets drop $1.6 billion in 5 months

REUTERS/Lucas Jackson Bill Ackman's Pershing Square has seen assets drop $1.6 billion in five months. The firm managed about $11 billion at the end of May and about $9.4 billion at the end of October. The firm's Pershing Square Holdings vehicle is down 3.3% for the year through October. News of the asset drop follows Ackman's decision to restructure his unprofitable Herbalife short. Assets at Bill Ackman's Pershing Square have dropped by $1.6 billion in five months. The firm managed about $11 bi...