(Reuters) Some hedge fund managers can finally brag a little as several prominent ones, including Daniel Loeb and William Ackman, last month beat the broader stock market’s gains, early returns show.
Loeb, who runs $16 billion Third Point, told investors his Third Point Partners LP fund gained 2.1 percent in May while its more aggressive Third Point Ultra Ltd fund climbed 3.5 percent. The Pershing Square Holdings Ltd fund, run by Ackman’s $11 billion Pershing Square Capital Management, meanwhile climbed 2.4 percent in May.
