Ackman: 2-and-20 doesn’t work anymore for hedge funds

After two years of double-digit losses, Bill Ackman is hoping for a comeback. “I got something to prove,” Ackman, the billionaire behind hedge fund Pershing Square, said at an afternoon session at the Skybridge Alternatives Conference in Las Vegas, noting that the humility kicked it when the fund was down 30 percent. Beyond his own…

Full Story Via Business – Page 1 | New York Post

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