Tag Archives: pershing square


Ackman’s hedge fund for Target falls 40%

February 17, 2009 : Permalink

Birmingham Business Journal – The hedge fund created by activist investor William Ackman to buy up shares of Target Corp. lost 40.1 percent of its value in January, according to a Bloomberg News report.  Since creating the fund, called Pershing […]

The Hedge Fund Money-Go-Round

February 15, 2009 : Permalink

Seekingalpha.com – Bill Ackman explains how hedge funds work, specifically with regard to investors in Pershing Square IV, his fund dedicated (disastrously) to going long Target. Some of these investors, who are for the most part other hedge funds (that […]

Ackman Paves Way for New Hedge Fund Management Moves

February 12, 2009 : Permalink

New York (HedgeCo.Net) – William Ackman, who runs hedge fund Pershing Square Capital Management, is letting clients withdraw as much of their investment as they please.  A vast change from the dozens of hedge funds who rushed to halt redemptions, […]

Hedge Fund Lets Investors Withdraw What Is Left

February 9, 2009 : Permalink

New York Times – In a move that could force similar changes at other money-losing hedge funds, the well-known fund manager William A. Ackman is cutting his fees and allowing investors to take what is left of their money from […]

Hedge Fund Peers Come to Merkin’s Defense

January 19, 2009 : Permalink

TheStreet.com – Two contemporaries rushed to the defense of hedge fund manager Ezra Merkin, who is reportedly being investigated by New York Attorney General Andrew Cuomo after his investors lost billions of dollars linked to disgraced money manager Bernard Madoff. […]

Ackman’s Hedge Fund for Target Stake Fell 68% in 2008

January 6, 2009 : Permalink

Bloomberg – William Ackman’s hedge fund that invests in Target Corp. fell 68 percent last year, more than double the loss by the second-largest U.S. discount chain. Pershing Square IV declined 7.7 percent in December alone, according to a letter […]