Ackman’s Pershing Square Already Down 14.5% In 2016; HKD Troubles

The net asset value of Pershing Square Holdings, Ltd., the publicly traded stock of Bill Ackman’s activist hedge fund Pershing Square, is already down 14.5% this year amid the worst start to the year for financial markets since the onset of the Great Depression. As we first reported last night on Twitter. Ackman down 14.5% in 2016.. pic.twitter.com/cJaNC838Ps — ValueWalk (@valuewalk) January 20, 2016 Pershing Square Holdings, which went public in October 2014 and trades on the Amsterdam exchange, is structured as a close-end fund and reports its net asset value every week. It is important to note that the loss here…