Billionaire Bill Ackman's hedge fund just saw its winning streak slow down as banking turmoil weighs on its bets
Billionaire investor and Pershing Square Holdings chief Bill Ackman has seen his winning streak cool off in the first quarter, according to anIn the year to date through March 21, the letter said, Pershing Square has returned 0.3%. In the same stretch, the S&P 500 has returned about 4.7%.
"Since the inception of this hedging program in late 2020, these hedges have generated total proceeds of $2.8 billion from a total cost of $419 million for PSH and the other two Pershing Square funds , as of March 21, 2023," the letter said.
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