In a Tough 2014, Some Activist Funds Soared

Led by William Ackman’s Pershing Square, at least six activist funds matched or exceeded the S&P 500.

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William Ackman, Pershing Square (Bloomberg)

You won’t know it from looking at the composite results, but 2014 was a very successful year for a large number of activist hedge funds or event-driven funds that sometimes try to engage with companies.

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