Global Outlook 2024 Report

Inel

Pershing Square chalks up 26.7% return in 2023

Pershing Square Capital Management, the hedge fund firm founded by Bill Ackman, bounced back from its loss-making 2022, with a return of 26.7% last year, beating the broader stock market, according to a report by Reuters.

Prosperity Capital relocating from London to Abu Dhabi

Prosperity Capital Management, a hedge fund focused on investments in Russian equities, has blamed Brexit and the UK’s “uncooperative” business environment for its decision to shift its operations from London to Abu Dhabi, according to a report by IntelliNews.

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