Founder, CEO, Pershing Square Capital Management, L.P.
Source Of Wealth hedge funds, Self Made
Self-Made Score 7
Residence New York, NY
Citizenship United States
Marital Status Married
Education Bachelor of Arts / Science, Harvard University; Master of Business Administration, Harvard University
The founder of hedge fund firm Pershing Square Capital Management, which manages some $18 billion, sizzled in 2014. His
main hedge fund returned 37.2% net of fees. It was Ackman’s best performance in years and came at an important time.
Ackman had suffered some setbacks in 2013. Most other hedge fund managers trailed the stock market’s rise in 2014, but
Ackman’s performance beat the stock market easily. Fueling these good results was Ackman’s big position in Allergan, a
creative if contentious trade that ended well for Ackman when Actavis agreed to buy the Botox-maker. Ackman had backed
Valeant Pharmaceuticals’ hostile effort to purchase Allergan, but his fund benefited from the Actavis deal just the same. In
other high profile moves, Ackman continues to battle against Herbalife, which he calls a pyramid scheme, and the U.S.
government, over the future of mortgage giants Fannie Mae and Freddie Mac.