Ackman rockets up best-paid hedge fund list by doing little

Bill Ackman was regarded as a swashbuckling shareholder activist but lately, he's been taking a quieter approach. (Image: Bloomberg)

Bloomberg

Thu, 22 Feb 2024

By Tom Maloney and Hema ParmarPerhaps no other hedge fund manager has perfected the art of having their money work for them while they sleep – or tweet – like Bill Ackman.The Pershing Square Capital Management founder made US$610 million (NZ$987m) last year, after barely touching his portfolio of just 10 stocks. The total landed Ackman at No. 7 on Bloomberg’s annual list of the best-paid hedge fund founders, his highest-ever position. He failed to crack the top 15 in 2022.The haul validates Ackman’s shift two years...

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