Ackman Stumbles in October

It’s the first down quarter for Pershing Square since 2018, and comes in a hot year-to-date.

Bill Ackman (Andrew Harrer/Bloomberg)

Bill Ackman

(Andrew Harrer/Bloomberg)

The stock market’s October swoon sent Bill Ackman’s Pershing Square Holdings hedge fund down 2.2 percent for the month, an abrupt change from the big gains it’s been chalking up all year.

Pershing Square Holdings, Ackman’s publicly traded hedge fund, is still up 43.7

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