Another record year for Pershing Square

The billionaire investor (pic) said Pershing Square had a net return of 4.6% in December, bringing his overall returns for the year to 70.2% and surpassing 2019’s previous record of about 58%.

NEW YORK: Bill Ackman’s Pershing Square Capital Management reported its second-consecutive record performance in 2020 by returning more than 70% on its investments.

The billionaire investor said Pershing Square had a net return of 4.6% in December, bringing his overall returns for the year to 70.2% and surpassing 2019’s previous record of about 58%.