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r/investingr/investing· u/minimumbeginningend· 7d ago 121

What's the most charitable explanation for why Bill Ackman has significantly underperformed the S&P500 in his fund PSHZF?

Investor summaryBearish

The author questions why anyone would invest in Bill Ackman's PSHZF given its significant underperformance versus the S&P 500.

Bear points
  • PSHZF has significantly underperformed the S&P 500 index.
  • The manager's track record contradicts his reputation as a brilliant investor.
Post body

I do not own the fund, and am not a huge fan of the guy. Just want a devil's advocate. I guess the idea here is that he's a "brilliant" investor. But clearly he's underperformed a simple index. Why would any one invest in any of his funds? Please enlighten me. Thank you!

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