personal investment blog

The big lie that makes them rich

The big lie that makes them rich

11 Oct 2013

Last week, one of the most successful hedge funds apologised to its investors. “The Pershing Square funds declined by more than 5% during the third quarter of 2013 generating flat performance net of all fees for the first nine months of the year.” This is an unaccustomed setback for Bill Ackman, the founder of the fund, whose personal net worth, according to...