Pershing Square’s founder Bill Ackman said in a conference call with investors today his hedge fund delivered positive October performance of 0.7 percent to 1.4 percent across its various fund structures. Year to date performance is 32.5 percent and 35 percent.
Winners for the month included long exposure to Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP), Allergan and Burger King Worldwide Inc (NYSE:BKW), and the fund saw profits in a short position in Herbalife Ltd. (NYSE:HLF). Losers included Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA), Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC), Platform and Howard Hughes Corp (NYSE:HHC).
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