Ackman’s Pershing Square Already Down 14.5% In 2016; HKD Troubles

The net asset value of Pershing Square Holdings, Ltd., the publicly traded stock of Bill Ackman’s activist hedge fund Pershing Square, is already down 14.5% this year amid the worst start to the year for financial markets since the onset of the Great Depression. As we first reported last night on Twitter.

Ackman down 14.5% in 2016.. pic.twitter.com/cJaNC838Ps

— ValueWalk (@valuewalk) January 20, 2016

Pershing Square Holdings, which went public in October 2014 and trades on the Amsterdam exchange, is structured as a close-end fund and reports its net asset value every week. It is important to note that the loss here is specifically referring to the NAV of the public vehicle and not the...