Pershing Square Capital Management

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Key Facts

Founded11/2003
Websitehttp://www.pscmevents.com
HeadquartersNew York
Employees58
AUM$13.8 billion
AUM as ofSeptember 27, 2017
StrategiesActivist, Long/Short
Clients4

Overview

Pershing Square Capital Management is a hedge fund based in New York. It was founded in 11/2003 by William Ackman. They hold $13.8 billion in assets under management as of September 27, 2017. Seeded by three investors with $54 million in 2003.
Have raised an entire fund to focus on Target.

Key members include:
Richard McGuire - Partner (left in Jan 2009 to sit as Chairman of the Board at Borders)
Doreen Mary Mochrie - Head of Investor Relations
Joe Sutton - Chief Technology Officerhttp://dealbreaker.com/images/thumbs/Annual_Dinner_Presentation_1.22.2009_FINAL.pdf

Sub Funds and Performance

NameAUM (bn) Type Strategies 2011 2012 2013 2014 2015 Min Investment Num Clients Internal $ % Fund of Funds $ % Prime Brokers
Pershing Square Holdings, Ltd. 6.338 hedge fund 0 18 4.0 Goldman Sachs & Co. LLC, UBS
Pershing Square II, L.P. 0.100 hedge fund 5,000,000 60 53.0 Goldman Sachs & Co. LLC, UBS
Pershing Square International, Ltd. 3.992 hedge fund 5,000,000 350 17.0 Goldman Sachs & Co. LLC, UBS
Pershing Square Intl 4 None Long/Short -2.03 12.39 9.3 37.24 -16.66
Pershing Square VI Master, L.P. 1.248 hedge fund 1,000,000 57 52.0 13.0 UBS
Pershing Square, L.P. 3.380 hedge fund 5,000,000 330 13.0 13.0 Goldman Sachs & Co. LLC, UBS

Historical Performance

2009 Returns
International Fund down 2.1% in Fubruary, 2009 (-3.6% YTD)http://dealbreaker.com/2009/03/dear-pershing-peeps.php
Target Fund (Pershing Square IV) down 40.1% in January, 2009http://www.bloomberg.com/apps/news?pid=20601087&sid=al01Y68dX7zU
Target Fund down 33.3% in February, 2009 (loss since inception now 93%!!!)http://www.bloomberg.com/apps/news?pid=20601087&sid=au.Byczumeeo&refer=home

2008 Returns were:http://dealbreaker.com/images/thumbs/Annual_Dinner_Presentation_1.22.2009_FINAL.pdf
Pershing Square LP down 13%
Pershing Square International down 11.9%
Pershing Square II down 11.2%

Returned 22% in 2007http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aTKvrFt.OCrY

Key People

NameTitlePositionOwnership
William AckmanNone Indirect Owner> 75%
William AckmanChief Executive Officer Owner or Officer> 75%
Anthony AsnesHead Of Ir Owner or OfficerNone
Nicholas BottaPresident Owner or OfficerNone
Halit CoussinChief Legal Officer/Chief Compliance Officer Owner or OfficerNone
Stephen FraidinVice Chairman Owner or OfficerNone
Michael GonnellaChief Financial Officer Owner or OfficerNone

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