Pershing Square Finishes 2014 With Strong Returns, Bloomberg Puff Piece

Pershing Square Capital Management seems to have knocked out all the competition as end-of-the-year performance reports are being released. Pershing Square Holdings, which is one of the four hedge funds run by PSCM, netted a 40.4% return for 2014. Performance at Pershing Square Holdings slipped 0.6% in December, however, according to the monthly report reviewed by ValueWalk.

Pershing Square’s best year

PSCM manages four funds, namely, Pershing Square, L.P., Pershing Square International, Ltd., Pershing Square II, L.P., and Pershing Square Holdings, Ltd. All four of these funds manage the same positions. Total assets under management at PSCM were $18.2 billion at the end of 2014. Pershing Square Holdings manages $6.5 billion of the firm’s...