By Nicholas Vardy One of Wall Street’s most high-profile hedge fund managers delivered an eye-popping 58.1% return last year.
But, as Nicholas Vardy explains, his fund is not a safe bet for wealth creation.
Bill Ackman is one of Wall Street’s most high-profile hedge fund managers.
His company, Pershing Square Capital Management, once managed as much as $20 billion. Ackman boasts a personal fortune of $1.7 billion.
Today, you can buy Ackman’s largest investment vehicle – Pershing Square Holdings (LSE: PSH) – with the click of a mouse.
And once you hear about Pershing’s eye-popping 58.1% return in 2019, you may be tempted to do so.
But based on …read more
