Member access

4-Traders Homepage  >  Shares  >  Nyse  >  Family Dollar Stores, Inc.    FDO   US3070001090

News SummaryMost relevantAll newsSector news 

Ackman's Pershing Square Funds Gain 1% In April

05/03/2012 | 12:10pm US/Eastern
   By Amy Or 

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,

React to this article
04/24 Howard Levine details Family Dollar fight in Fortune magazine
04/21 FAMILY DOLLAR STORES : Lawrence man arrested for Sunday robberies
04/20 FAMILY DOLLAR STORES : BRIEF: Woman suspected of embezzling from stores in Sauci..
04/20 PEP BOYS MANNY MOE AND JACK : 4R Systems Tapped as Lead Sponsor for 2nd Retail &..
04/17 FAMILY DOLLAR STORES : BRIEF: Police searching for pair of Family Dollar robbers
04/16 FAMILY DOLLAR STORES : Dollar store robber held knife to clerk, left prints at s..
04/12 FAMILY DOLLAR STORES : Police search for man who robbed Family Dollar
04/09 DOLLAR TREE : finalizing 340 store divestitures
04/09 DOLLAR TREE : Family Dollar Reports Second Quarter Financial Results; Second Qua..
04/08DJMARKET SNAPSHOT : U.S. Stocks Finish Slightly Higher After Release Of Fed Minute..
Duration : Period :
Family Dollar Stores, Inc. Technical Analysis Chart | FDO | US3070001090 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes