Pershing Square’s founder Bill Ackman said in a conference call with investors today his hedge fund delivered positive October performance of 0.7 percent to 1.4 percent across its various fund structures. Year to date performance is 32.5 percent and 35 percent. Winners for the month included long exposure to Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP), Allergan and Burger King Worldwide Inc (NYSE:BKW), and the fund saw profits in a short position in Herbalife Ltd. (NYSE:HLF). Losers included Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA), Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC), Platform and Howard Hughes…
Ackman Says Allergan In Talks With Activas
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
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