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Bill Ackman’s Pershing Square Falls in October, But Still Up for the Year

The hedge fund’s long-only, concentrated portfolio of stocks showed mixed results in a tough month.

October was the cruelest month this year for most hedge funds, and Bill Ackman’s Pershing Square Holdings was no exception.While Ackman's Pershing Square has been on a roll this year, it had a setback in October, falling 8.5 percent and lowering the year-to-date gain to 6 percent, according to an

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