Bill Ackman’s Publicly Traded Hedge Fund Hits Its High-Water Mark

Pershing Square bucks a down market with August gains.

Bill Ackman (Patrick T. Fallon/Bloomberg)

Bill Ackman

(Patrick T. Fallon/Bloomberg)

After posting gains in August — a month when the broader market fell — Bill Ackman’s publicly traded Pershing Square Holdings fund has finally hit its high-water mark.

Pershing Square Holdings, which is now Ackman’s largest fund with more than $5.8 billion in assets, gained 54.5

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