Bill Ackman, the renowned hedge fund manager, is having a difficult year as his portfolio continues to underperform the broader U.S. stock market, while several of his recently launched investments have also declined.
As a result, his net worth has fallen sharply from its peak earlier this year.
Bill Ackman’s Returns are Lagging the Market This Year Pershing Square data shows that the company’s portfolio has dropped by 9.3% this year.
In contrast, the S&P 500 and Nasdaq 100 indices have jumped by 9.6% and 13.4% in this period.
Ackman has also underperformed other hedge funds, with Point72 and Millennium gaining by 14.5% and 10.5% in the year’s first half.
