The Amsterdam-based Pershing investment fund has grown almost a quarter this year. The investment company of hedge fund manager Bill Ackman earned a lot of money from retail chain Lowe’s, coffee chain Starbucks and fast food chain Chipotle.
Pershing bought the stake in Starbucks in the third quarter of 2018 at an average price of $ 51. The price is now 37% higher.
Thanks to the powerful price recovery of Pershing since the end of December, the substantial loss in the previous three months has been amply compensated.