Pershing Square’s Bill Ackman, Glenview’s Larry Robbins, & Third Point’s Dan Loeb have a stellar 2014
|January 7th, 2015||
|If your hedge fund was managed by Bill Ackman, Larry Robbins, or Dan Loeb this past 2014, you should be smiling like a Cheshire cat. Ackman, Robbins, and Loeb collectively increased their personal fortunes this year by $1.83 billion in 2014, and that is just their own take home pay. According to CNBC News, 2014’s top performing hedge funds were Pershing Square Capital Management, Glenview Capital Management, and Third Point. |
The top performer, Pershing Square Capital Management, managed by Bill Ackman, secured a stellar 35 percent net return at year end.
2014’s third place award for best performing hedge fund belongs to Dan Loeb’s New York Third Point, up a respectable 7.1 percent through November of 2014.
In comparison, other hedge fund’ managers look more like Tom cat’s, reporting a mediocre year at best. According to the Absolute Return Composite Index, the year of 2014 delivered the third lowest gain for hedge funds since 1998, when they first began to collect data.
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