New Entry Takes Top Spot on HSBC Hedge Funds Listing

William Ackman, who is having perhaps one of the best years of his career, was recently dethroned on the top spot of HSBC’s weekly listings of hedge fund performance that it tracks, according to the latest numbers from the September 19th edition of Hedge Weekly.

Pharo Gaia Ltd Fund beats Pershing Square in top performing hedge funds

Although the performance of Ackman’s Pershing Square moved up slightly, from 29.89 percent at the end of August to 30.01 percent as of HSBC’s September 15, Pharo Gaia Fund, Ltd. came out of nowhere to take...