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1d ago Dollar General extends tender offer for Family Dollar shares again
1d ago Dollar General extends offer for Family Dollar
1d agoDJDollar General Extends Family Dollar Tender Offer
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Ackman's Pershing Square Funds Gain 1% In April

05/03/2012 | 01:10pm US/Eastern
   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

Latest news on FAMILY DOLLAR STORES, INC.
1d ago Dollar General extends tender offer for Family Dollar shares again
1d ago Dollar General extends offer for Family Dollar
1d agoDJDollar General Extends Family Dollar Tender Offer
1d agoDJDollar General Again Extends Family Dollar Tender Offer
1d ago FAMILY DOLLAR STORES : to Make the Holidays a Little Brighter for Millions of Ch..
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5d ago Another investor prods Family Dollar on merger
10/21 FAMILY DOLLAR STORES : Certifies Substantial Compliance With FTC’S Second ..
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