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

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 investor update.

Pershing