Bill Ackman at Pershing: He’s really pushing it

August 16, 2019 | Hedge Funds
https://dailyalts.com/wp-content/uploads/2019/07/54e3d24a4d5aaa14ea898579ce203e7c1d22dfe05553754d7d2879d5_640.jpg

Ackman’s golden streak sees Pershing up 45.3% in the first half of 2019

Bill Ackman is having a heck of a year. The S&P500 is up 17.35% through June 30. Meanwhile, the hedge fund manager’s Pershing Square Holdings rose 45.3%.

This, despite 2019 being the best annual start for the index since 1997.

Bill Ackman’s key winners

Ackman’s investment firm Pershing Square Capital Management manages Pershing Square Holdings’ portfolio.

Investments in stocks such as Chipotle Mexican Grill, Starbucks, Howard Hughes, and Restaurant Brands International have been killer picks.

Gains on these stocks for the first half-year of 2019 are 68.29%, 42.68%, 33.25%, and 34.34% respectively.

Ackman is an activist investor – the kind that buys a large stake in a company and pressurizes the incumbent management to make operational changes in the business to improve the performance of the stock.

Chipotle a classic example of activism

In February 2018, after coming under pressure from investors including Ackman, Chipotle replaced founder Steve Ells as chief executive, bringing in fast food veteran Brian Niccol.

This past May, Ackman wrote to shareholders on the “significant progress” at Chipotle under Brian Niccol, citing strong same-store sales and transaction growth.

Bill Ackman en route to solid incentives?

Bill Ackman will earn an incentive of 16% on any returns above 50%. That milestone is just 5 percentage points away.

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2022/01/Bink-app-shot.png
FinTech: Lloyds To Acquire Stake In Loyalty App Bink
January 4, 2022     FinTech, News

Lloyds Banking Group (LON: LLOY), Britain’s biggest mortgage provider, will acquire a minority stake in loyalty app Bink, according to a report by Sky News for an undisclosed amount that…

https://dailyalts.com/wp-content/uploads/2022/01/Screenshot-2022-01-04-at-22-29-49-Screenshot-Pawson-2.png
Digital Assets: Coinbase CEO Armstrong Said To Have Splurged $133M On Home In LA
January 4, 2022     Digital Assets, News, Real Estate

An iconic property in Bel Air, Los Angeles, designed by internationally acclaimed English architect John Pawson changed hands last month for $133 million and the buyer was Coinbase (NASDAQ: COIN)…

https://dailyalts.com/wp-content/uploads/2022/01/47752022922_e4569a2f0e_c.jpg
Alternative Investments/ESG: VegTech Invest Launches Plant-Based Innovation & Climate ETF

VegTech Invest advisory has launched the VegTech Plant-based Innovation & Climate ETF (Ticker: EATV), its first financial product. The ETF offers exposure to publicly traded companies actively innovating with plants…

https://dailyalts.com/wp-content/uploads/2022/01/Screenshot-2022-01-04-at-18-48-26-超·世界.png
Venture Capital: Chinese AI Startup Parametrix Raises $100M, Turns Unicorn
January 4, 2022     Artificial Intelligence, News, Venture Capital

Chinese AI company Parametrix.ai has raised $100 million in a Series B round led by Sequoia China and joined by existing investors 5Y Capital and Gaorong Capital. Though the valuation…