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Ackman’s Pershing Square ends January down 8.2 pct -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO: Invoice Ackman, CEO of Pershing Sq. Capital, speaks on the Wall Road Journal Digital Convention in Laguna Seashore, California, U.S., October 17, 2017. REUTERS/Mike Blake

TORONTO (Reuters) – Billionaire investor William Ackman’s hedge fund Pershing Sq. Holdings misplaced 8.2% in January, clawing again returns within the final week of the month after recording heavier losses.

Ackman’s Pershing Sq. Holdings portfolio ended the primary three weeks of January down 13.8%, the worst efficiency to begin a yr for Ackman in years.

Nevertheless, Pershing Sq. Holdings misplaced 1.3% in each January 2021 and January 2020 after making features of 18.3% within the first month of 2019.

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