Ackman’s Pershing Square starts year with a loss amid market turbulence By Reuters

© Reuters. FILE PHOTO: William Ackman, founder and CEO of hedge fund Pershing Square Capital Management
© Reuters. FILE PHOTO: William Ackman, founder and CEO of hedge fund Pershing Square Capital Management

BOSTON (Reuters) – William Ackman’s Pershing Square Holdings fund declined 1.3% in January, according to an investor update, as broader stock indexes ended the month with losses amid reaction to the coronavirus vaccine rollout, the economy and turbulent trading in the last days.

The loss comes on the heels of Ackman’s record-setting 70.2% return in 2020.

The index fell 1.1% in January while the fell 2%.

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