Bill Ackman’s Target (TGT) Fund Rose 48% Last Month
Bill Ackman’s Pershing Square’s fund that invests solely in Target (NYSE: TGT) saw its value gain 48% in March. For the month of March, Target saw its shares rise by 21%, but Ackman’s Target focused fund typically moves by twice…
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Bill Ackman’s Pershing Square’s fund that invests solely in Target (NYSE: TGT) saw its value gain 48% in March. For the month of March, Target saw its shares rise by 21%, but Ackman’s Target focused fund typically moves by twice the move of Target because Ackman employs two-times leverage by using derivative type contracts, such as options. Ackman’s Pershing Square owns 26.8 million shares of Target and more in options, uses two-times leverage in the fund.
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