This chapter delves into a well-known hedge fund manager's plan to launch a new fund in the US for retail investors, comparing his investment strategy with other hedge funds. It also discusses the trend of top hedge funds experiencing less revenue gains in 2023 and the struggles of funds recovering from losses in the technology sector and private markets.
Bill Ackman has had a big year. His constant posting and vocal condemnation of antisemitism on college campuses has won him over a million followers on X (and more than a few critics). Meanwhile, his hedge fund, Pershing Square Capital Management, has netted him $610 million in earnings.
Where Ackman’s online strategy is loud, Bloomberg wealth reporter Tom Maloney says the hedge fund manager’s financial strategy is more hands-off. And it’s working.
On today’s Big Take podcast, Maloney reveals the paydays of last year’s top hedge fund managers, and why the same big players keep appearing on the list despite the economy's ups and downs.
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