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William Ackman’s 2016 Fortune: Down, but Far From Out

By Tony Seruga

William Ackman, chief executive of Pershing Square Capital Management. “I have an enormous stomach for volatility,” Mr. Ackman said last week. CreditMisha Friedman for The New York Times

William A. Ackman is a big-moneyed, swaggering hedge fund manager with a long list of accomplishments.

He played tennis against Andre Agassi and John McEnroe. He bought one of the most expensive apartments in Manhattan because he thought it would “be fun.” And three years ago, his hedge fund beat the competition to the pulp.

Now the silver-haired billionaire is on the verge of notching another accomplishment, but it is a dubious one. He is on pace to record a hefty double-digit loss for investors in his firm, Pershing Square Capital Management, for the second year in a row…

William Ackman’s 2016 Fortune: Down, but Far From Out

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