I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

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Thursday 19 November 2015

Ackman's Pershing Square Holdings off 24.5 percent YTD

CW8888: Not easy to be consistently best!

NEW YORK - Billionaire hedge fund manager William Ackman's Pershing Square Holdings portfolio has lost 24.5 percent this year, extending its fall this week as its biggest holding, Valeant Pharmaceuticals, declined further, the company said on its website.

Valeant's stock price has tumbled 72 percent from its high this summer with the losses accelerating in recent weeks amid questions about the company's accounting and business practices and criticisms for price gouging. It has lost 11 percent in the last five days.

Ackman's $14.5 billion Pershing Square Capital Management paid roughly $186 per share for its 21.4 million shares of Valeant. The stock closed at $72.58 on Wednesday. Last year, the hedge fund was one of the industry's best performers with a 40 percent gain.

Pershing Square has several portfolios with Pershing Square Holdings being the most aggressive, so the losses are modestly less at its other portfolios, a person familiar with the numbers. 


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