February 4, 2014 / 8:15 PM / 4 years ago

Ackman's Pershing Square posts 3.8 pct gain in January

BOSTON, Feb 4 (Reuters) - Billionaire investor William Ackman’s fund surged 3.8 percent in January, handily beating the stock market’s decline and wiping away some memories of last year’s bruising losses.

Ackman’s $12 billion Pershing Square Capital Management told clients that its Pershing Square LP fund gained 3.8 percent, after fees, last month according to a performance update sent to investors earlier on Tuesday and seen by Reuters.

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