(Investing.com) This year has been difficult for the firm with the Pershing Square International Fund losing 17.29 percent since January, making it one of the industry’s worst performers this year. Last year the fund dropped 16.6 percent, largely due to Ackman’s bet on Valeant Pharmaceuticals whose share price has tumbled 90 percent in the last 12 months.
Ackman’s Pershing Square Hedge Fund Axes Eight Staffers
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