Ackman apos;s Pershing Square Reaps 2.7 Bln From Rate Trade But Down 9 ...
De GA.
(Page créée avec « By Nell Mackenzie<br> LONDON, Feb 10 (Reuters) - Billionaire investor William Ackman's [https://www.biggerpockets.com/search?utf8=%E2%9C%93&term=Pershing Pershing] Square fun... ») |
|||
| Ligne 1 : | Ligne 1 : | ||
| - | By Nell Mackenzie<br> LONDON, Feb 10 (Reuters) - Billionaire investor William Ackman's [https://www. | + | By Nell Mackenzie<br> LONDON, Feb 10 (Reuters) - Billionaire investor William Ackman's Pershing Square fund reaped $2. When you loved this information and you would like to [https://www.vocabulary.com/dictionary/receive receive] more details regarding [https://evigetir.com/gizlilik.html evDeN EvE nAkLiyAT] assure visit the web page. 7 billion on interest [https://ajt-ventures.com/?s=rate%20trades rate trades] in 2022, but not enough to plug losses and the fund finished the year down almost 9%, according to an investor presentation seen by Reuters.<br> U.S.<br><br>stock indexes had a dismal 2022 with the S&P 500 slumping almost 20%, [https://evigetir.com/evden-eve-google.html eVDEN eVe NakliYAT] as the Federal Reserve battled soaring inflation with aggressive interest rate hikes that roiled markets.<br> Pershing Square Capital Management in 2022 lost 8.8% of its net asset value its worst result since 2016, while its share price fell 14.6%, [https://evigetir.com/index.html Evden eve nakLiyaT] the presentation dated Feb.<br><br>9 showed.<br> The assets minus the liabilities in Ackman's fund trade at a discount to its share price. The fund may consider moving its listing from Europe to the United States to remedy this, a Jefferies analyst note said on Friday.<br> "It would likely offer a very good chance of materially narrowing the discount, given the nexus for the fund and manager has always been the U.S. anyway," said the Jefferies note.<br> "This possibility is also something that we do not feel is currently reflected in PSH's share price," it said.<br> The contents of the presentation were reported by Institutional Investor on Thursday.<br> Pershing Square traditionally holds a smaller number of investments.<br><br>Stock positions in companies such as Lowe's , Netflix, Chipotle Mexican Grill, Domino's Pizza, Hilton and [http://xn--4kqz9dx34awsd.copy-trade.site/index.php?qa=3582&qa_1=michael-irvin-%26apos-%26apos-marriott-%24100m-false%26apos-claims eVden EVe nAKLiYat] Universal Music Group detracted from positive performance elsewhere, the note said.<br> A performance fee was not charged by Pershing Square Holdings in 2022, the presentation said.<br> Positions in Netflix and Domino's Pizza were sold in order to free up capital for new opportunities, said the presentation.<br> Interest rate protection in the form of derivatives known as swaptions, a bet on volatility in rates markets, the fast food company Restaurant Brands International, energy hedges and [https://wiki.tegalkota.go.id/index.php?title=Police:_1_Of_2_Boys_Recovered_After_Amber_Alert_Has_Died eVDen EvE NAKliyAT] share buybacks all retraced losses, the presentation said.<br> The interest rate hedges were initiated in late 2020 and early 2021.<br><br>In 2022 the fund entered new positions in long-term interest rates, currencies and energy it said.<br> The Fed raised rates from near zero in March to a range of 4.25%-4.5% last year, hiking rates by a further 25 basis points last week.<br> Pershing Square declined to comment.<br><br>(Reporting by Nell Mackenzie; editing by Dhara Ranasinghe and Louise Heavens)<br> |
