Bill Ackman’s Pershing Square is still doing very well, thank you.
A source close to the firm confirmed for us what was previously reported by Dealbreaker. Pershing Square LP is up 6.1% for September, which brings the fund’s year-to-date returns to 27.4%.
The fund, with $1.66 billion in assets under management, is long credit default swaps, with approximately $350 million in notional exposure. It invests in business services, commercial services, food & beverage, real estate investment trusts, restaurants and retail.
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