Reading Up on William Ackman

Bloomberg has an article on William Ackman. Read it here.

Ackman fascinates me. No other hedge fund manager challenges the skills of the manager selector more than he does. He's smart and well-pedigreed and very philanthropic, a hedge fund celebrity, extremely persuasive in both written and spoken communications, closely aligned with value investing, can point to an excellent track record, is backed by some of the best in the business, and is very rich. And yet his first investment vehicle, Gotham Partners, was forced to close amid a lawsuit and massive redemption requests, while his latest, formed solely to invest in Target, at one point was down 90%.

If you'd invested with Ackman's various vehicles proportionately to what each vehicle represented as a portion of Ackman's total outside funds under management, I wonder what your total return would have been over time?

Comments

[frogmatic:]

There's a profile of Ackman in the May issue of portfolio.com:

www.portfolio.com/exec...

Apr 23 03:07 PM