Posted 2/20/2024, 6:28:00 PM
Ackman Rakes In $610 Million in 2023, Ranks 7th Among Top-Paid Hedge Fund Managers
- Bill Ackman earned $610 million in 2023 and ranked 7th on Bloomberg's list of highest-paid hedge fund managers
- His fund, Pershing Square Capital Management, gained 26.7% last year from its stock investments like Alphabet and Chipotle
- Top earners were Millennium's Israel Englander ($2.8B), Citadel's Ken Griffin ($2.6B), and Appaloosa's David Tepper ($2.3B)
- About one-third of Ackman's pay came from his publicly traded Pershing funds, two-thirds from private fund gains and fees
- Ackman recently launched a new investment portfolio, Pershing Square USA, with lower fees and easier access to capital