Another Alternative Bust

Whenever news of a hedge fund blowing up comes out, like it did today, I wonder if the New Jersey Retirement System had a stake.

$200 million Commitment in Pershing Square, LP with a June, 2015 reported market value of $283,887,574.  The value history of this holding,  with an April, 2010 Inception Date, was easy to research since it shares the same page with another bust.

 

 

 

 

 

 

One response to this post.

  1. Posted by dentss dunnigan on July 17, 2016 at 6:16 am

    It just shows that quality management pays.. Dave Teppers Appalosa fund is up over 40% annualized over 3 years ….but of course he left NJ so most likely the state pulled it’s money from them …if they ever had invested with them .Next year when he pay off investors and closes his fund that will be a nice tax bill the state will miss out on high taxes on estates have consequences https://www.tipranks.com/hedge-funds/david-tepper#!

    Reply

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