Bill Ackman Returned 70.2% 2020, Averaging 16.9% Since Inception

Johnny HopkinsBill AckmanLeave a Comment

In the recently released Pershing Square Annual Investor Update, Bill Ackman disclosed that PSH returned 70.2% for 2020, compared to 18.4% for the S&P500:

His biggest contribution came from Index CDS at 36.6%:

His biggest detractor was Berkshire at (3.1%):

His annual net returns have averaged 16.9% since inception, compared to 9.6% for the S&P500:

You can read the entire update here:

Pershing Square Annual Investor Update 2020

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