Who can blame him for losing 19% during the past 20 days of trading, in his $10 billion+ hedged-less hedge fund, aside from his clients of course? This coming off a down 20% 2015 places Bill ‘let’s cycle to Montauk and back’ Ackman at the very top of the very worst performing high profile managers.
At the crux of his problems is the concentrated nature of his holdings.
According to recent filings, just 8 positions comprise the bulk of his assets, aside from his HLF short, which is another large bet.
Bill is the kamikaze of billionaire hedge fund managers. Bernie Sanders would be appalled.
Since last reported, Pershing is down nearly $300 million in PAH, $200 million in QSR and a staggering $1.8 billion in VRX.
APD is his only green position in 2016, aside from his HLF short–which is down 18%.
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the risk management is strong with this one…NOT
Note to self: short APD tomorrow.
It appears someone took the “crybaby in the schoolyard’s” lunch money.
I guess it tis as WB hath said – “we see who be naked, when the tide goeth out”