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

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
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...

More Investments

The tricks to living a good life for less
Podcasts Free Cooking the Books

The tricks to living a good life for less

How to be boujee on a budget.

Frances Cook 22 Apr 2024
How to find a good financial adviser
Investments Free

How to find a good financial adviser

The vibe is just as important as skills and experience. 

Frances Cook 20 Apr 2024
Cooking the Books podcast: What’s the cost of sustainable investing?
Podcasts Free

Cooking the Books podcast: What’s the cost of sustainable investing?

Some of the 'naughty' stocks are making a comeback. 

Frances Cook 15 Apr 2024
Money Answers: How do I prepare for job loss?
Opinion Free

Frances Cook: Money Answers: How do I prepare for job loss?

Our investments editor outlines ideas to keep the financial stress to a minimum.

Frances Cook 13 Apr 2024