Bill Ackman Is Trouncing His Peers — and the Market

In a month when many hedge funds floundered, Bill Ackman’s Pershing Square Holdings gained 5 percent in November, giving the publicly traded hedge fund a year-to-date gain of 11.3 percent, according to a report to investors.That’s more than double the broader market, with the Standard & Poor’s 500 gaining 5.1