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Ackman's Pershing Square reaps $2.7 bln from rate trade but down 9%…

By Nell Mackenzie LONDON, Feb 10 (Reuters) – Billionaire investor William Ackman’s Pershing Square fund reaped $2.7 billion on interest rate trades in 2022, EVDEn EvE naKLiYaT but not enough to plug losses and the fund finished the year down almost 9%, EVdEn EVE NakLiyat according to an investor presentation seen by Reuters. U.S.stock indexes had a dismal 2022 with the S&P 500 slumping almost 20%, as the Federal Reserve battled soaring inflation with aggressive interest rate hikes that roiled markets. Pershing Square Capital Management in 2022 lost 8.8% of its net asset value its worst result since 2016, while its share price fell 14.6%, the presentation dated Feb.If you have any inquiries with regards to where and EvDEN evE Nakliyat how to use evDeN Eve NAkLiyat, you can speak to us at our web-site. 9 showed. The assets minus the liabilities in Ackman’s fund trade at a discount to its share price. The fund may consider moving its listing from Europe to the United States to remedy this, a Jefferies analyst note said on Friday. “It would likely offer a very good chance of materially narrowing the discount, given the nexus for the fund and manager has always been […] read more
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