Hedge fund manager Bill Ackman, the CEO of $US19 billion Pershing Square Capital Management, is killing it again this year.
Reuters’ Svea Herbst-Bayliss reports that the 48-year-old activist investor posted gains of 5.8% in February. Pershing Square is up 6.5% this year, the report said.
Meanwhile, the S&P 500 is up just over 2% this year.
Ackman had a monster year in 2014, netting 40.4% for the year thanks to his hugely profitable stake in Allergan.
For the most part, 2014 was a challenging year for hedge funds. According to research firm Preqin, hedge funds on average returned just 3.78%, the lowest annual return since their 1.85% loss in 2011. For comparison, the S&P 500 rose 13% last year.
Ackman has said before that he wants to have “one of the greatest investment track records of all time.” He has also said before that he would like to surpass legendary investor Warren Buffett’s record. He’s currently ranked No. 19 on fund-of-funds LCH Investments’ “Greatest Money Managers” list.
NOW WATCH: Money & Markets videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.