Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Family Dollar Stores, Inc.    FDO

SummaryQuotesChartsNewsAnalysisCompany 
News SummaryMost relevantAll newsSector news 

Ackman's Pershing Square Funds Gain 1% In April

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/03/2012 | 06:10pm CET
   By Amy Or 
   Of  
 

Bill Ackman's $11 billion Pershing Square Capital Management L.P. posted a nearly 1% gain for its funds last month, despite choppy equity market conditions.

The $4.8 billion Pershing Square LP fund and the $6.5 billion Pershing Square International fund both returned 0.9% in April, bringing year-to-date gains to over 10%, according to the hedge fund manager's letter to investors. The Standard & Poor's 500 index declined by 0.7% in April but was up 11.2% since the start of the year.

The April gains likely included profits from selling down Family Dollar Stores Inc. (>> Family Dollar Stores, Inc.) and Fortune Brands Home & Security Inc. (>> Fortune Brands Home & Security Inc). Pershing Square sold its entire stakes in the two companies in April, according to a filing to the Securities & Exchanges Commission.

Ackman still owns shares in eight other companies, according to its quarterly fund holdings filing for the period ended Dec. 31, including Citigroup Inc. (C), Kraft Foods Inc. (KFT) and Canadian Pacific Railway Ltd. (CP).

The activist hedge fund manager is currently engrossed in a bitter proxy fight with Canadian Pacific Railway in a bid to elect seven new directors to the company's 16-person board and install Hunter Harrison as the rail company's chief executive.

He was quoted by the Globe and Mail earlier Thursday as saying he's willing to review candidates other than his favored choice to lead the railway.

-By Amy Or, Dow Jones Newswires, +1 212 416 3142, amy.or@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on FAMILY DOLLAR STORES, INC.
2015 FAMILY DOLLAR STORES : Dollar Tree Announces Plan to Re-Brand Deals Stores in 20..
2015 FAMILY DOLLAR STORES : Dollar Tree Names Michael Witynski Chief Operating Office..
2015 FTC approves Dollar Tree's takeover of Family Dollar
2015DJAntitrust Cops Swing A Big Stick
2015DJDollar Tree-Family Dollar Deal Gets FTC Approval
2015DJFAMILY DOLLAR STORES : Profit Falls
2015 FAMILY DOLLAR STORES : Reports Third Quarter Financial Results
2015DJDollar General Profit Tops Expectations
2015 DOLLAR TREE : to sell 330 Family Dollar stores to Sycamore Partners
2015DJDollar Tree to Shed 330 Stores
More news
Sector news : Discount Stores - NEC
12/09 Japan's frugal millennials a bad omen for its economy
12/08DJMARKET SNAPSHOT : Nasdaq Touches Intraday Record, But Stocks Struggle For Direct..
12/08DJToday's Top Supply Chain and Logistics News From WSJ
12/08DJCostco Same-Store Sales Rise After String of Declines -- Update
12/08 Retailer Wal-Mart de Mexico to invest $1.3 billion in Mexico
More sector news : Discount Stores - NEC
News from SeekingAlpha
11/11 Which Types Of Retailers Are Opening New Stores?
06/24 Five Below Earns Its Place On Top
06/09 Dollar Tree Is Hitting On All Cylinders And Is Poised To Appreciate By Over 3..
05/31 THE DOLLAR STORE FORMAT CONTINUES IT : Dollar Tree
05/03 CASE STUDY : Shareholder Risks Of Loss From Misaligned Executive Compensation
Advertisement
Chart FAMILY DOLLAR STORES, INC.
Duration : Period :
Family Dollar Stores, Inc. Technical Analysis Chart | FDO | US3070001090 | 4-Traders
Full-screen chart
Managers
NameTitle
Gary M. Philbin President & Chief Operating Officer
Timothy P. Chew Vice President-Information Technology
Robert L. Sasser Director
Kevin S. Wampler Director
William A. Old Secretary, Director, Senior VP & General Counsel
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
FAMILY DOLLAR STORES, ..0.23%0
COSTCO WHOLESALE CORPO..-1.11%69 809
TARGET CORPORATION6.58%43 470
WAL-MART DE MEXICO S A..-9.13%33 855
DOLLAR GENERAL CORP.7.03%21 328
DOLLARAMA INC26.33%8 939
More Results