If You Run A Hedge Fund, This Is The One Chart You Never Want To Show To Your Investors

2015 has been tough for Bill Ackman, as we noted previously, having extended his year-to-date losses to 21.2%.

But Q3 was particularly noteworthy in its unhedged magnificence. As the following table shows, of all his positions, his only positive contributors to returns added a whopping 0.1%, not so much his other 13 positions...

Pershing Square's Q3 Contributors to Returns...

It appears Bill Ackman is taking the "Zero Hedge" mantra to heart.

And for many of the names, things have got considerably worse since the end of Q3...

And now - with the Valeant-Allergan transactions under question - one wonders what related liquidations may do to Q4's returns.

Charts: Bloomberg

Comments

[HedgeAccordingly]

for sure. .. nice little chart.

AlphaBetaWorks Hedge Fund Closet Indexing: 2015 Update

[Yen Cross]

   If you run an * Yellen PUT* ponzi 2/20 scheme, you should by my SPDR> BLST x3 Yuan Repo ETF.

[HedgeAccordingly]

lol yes

[Yen Cross]

 I misspelled , "BUY".  :-D

[BlueStreet]

Zero hedge and zero risk management.  A winning combination every time.

[azusgm]

Even more fun in store for Ackman.

(Please excuse me for linking to CNBS.)

http://www.cnbc.com/2015/11/11/valeant-ackman-must-face-insider-trading-...

[WhackoWarner]

Apparently Mr. Ackman has a few friends left and is grasping away at profit...called in some favours to bring down Herbalife.

http://davidstockmanscontracorner.com/bill-ackmans-crony-capitalist-slime/?utm_source=ReviveOldPost&utm_medium=social&utm_campaign=ReviveOldPost

[Yen Cross]

 Nomad Foods looks like a decent buy for cheap.

 Consumer staple, reasonable book value and mid sector pricing. I don't see a dividend, but it looks like a core holding.

[sun tzu]

I llove the smell of napalm all day long, baby

[Max Victor]

Forget the smell of petrol with styrofome in it -  you guys need to stop looking at these garbage stocks  ---   think Silver - think technology - think medicine - think !

Silver bullion is just way way too cheep!

Think straight - think Silver!

[hedgiex]

This is the cream of the crop. Imagine the crop itself. They should pay you 2/20 for managing your monies and listen to their spins.

[kaboomnomic]

Excuuuuuuuussseeeeee Moi!! Do CASINO's has financial book keeping's table?? Since WHEN??

[Badsamm]

When do the fuckers jump... or hang?