Bill Ackman Scores 70% Return in 2020 (CNBC) Hedge fund manager Bill Ackman appears to have scored one of his best years ever in 2020 despite a volatile market rocked by a global pandemic, an economic recession and a presidential election. His Pershing Square fund netted a 70.2% return last year after a 4.6% gain in December. That performance was far better than the 2020 return of the Dow Jones Industrial Average, S&P 500 or even the Nasdaq Composite, which posted a robust gain of 43.6%.
Indeed...and this year the markets should literally double ....free money forever and ever. Once the democrats take over they will unleash trillions and trillions and trillions of stimulus. Free money forever. Huge market returns for 2021
I would rather see consistency than statistical outliers - but the headlines will help to "underscore" his investor base....
But the markets are not consistent. You want to make a killing when the markets are easy and not lose too much when the markets are hard.
Gotta give Ackman some credit where it is due.....a lot of people thought he was finished after his failed bets on Valeant, JCP, and Herbalife and the resulting dismal performance of his fund for a couple years there. But here he his, back on top.....whereas other once prominent names like Einhorn, Loeb, Berkowitz and Paulsen have not been able to regain their mojo from 2000-2010 period.