Ackman Up, Loeb Down in Tough Year for Hedge Funds

The hedge fund losses are piling up for 2018 — and hedging didn’t seem to help.

Michelle Celarier January 4, 2019

Dan Loeb (left) and Bill Ackman

(photos: David Paul Morris/Bloomberg; Christopher Goodney/Bloomberg)

The December market meltdown dealt a blow to hedge fund activist Bill Ackman’s comeback, but he still managed to post a gain of 2 percent in 2018 in one of his funds, Pershing Square International, according to an investor in the fund.His publicly traded fund,

To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.

Contact Info

New York
1270 Avenue of the Americas, Suite 1100
New York, NY 10020
P: +1 212 224 3300

London
4 Bouverie Street
London EC4Y 8AX
P: +44 207 779 8888

Hong Kong
Unit 2488, 24/F
Lee Garden One,
33 Hysan Avenue
Causeway Bay, Hong Kong
P: +852 2912 8001

Corporate

About Us

Leadership Team

Careers

II Press Room

Digital

Masthead

Thought Leadership

Display Advertising

Reprints

FAQs

Events

Events Calendar

Memberships

Subscription

Subscribe to Premium

Register

Register for Free Account

Newsletters

Sign up for II newsletters

© 2025 Institutional Investor LLC. All material subject to strictly enforced copyright laws. Please read our Terms & Conditions, Modern Slavery Act Transparency Statement, Accessibility Statement and Privacy Policy before using the site.

4.12.03 build:2025-12-12 Login