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Ackman's Pershing Square Funds Gain 1% In April

By Amy Or Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Bill Ackman's $11 billion Pershing Square Capital Management L.P. posted a nearly 1% gain for its funds last month, despite choppy equity market conditions. The $4.8 billion Pershing Square LP fund and the $6.5 billion Pershing Square International fund both returned 0.9% in April, bringing year-to-date gains to over 10%, according to the hedge fund manager's letter to investors. The Standard & Poor's 500 index declined by 0.7% in April but was up 11.2% since the start of the year. The April gains likely included profits from selling down Family Dollar Stores Inc. (FDO) and Fortune Brands Home & Security Inc. (FBHS). Pershing Square sold its entire stakes in the two companies in April, according to a filing to the Securities & Exchanges Commission. Ackman still owns shares in eight other companies, according to its quarterly fund holdings filing for the period ended Dec. 31, including Citigroup Inc. (C), Kraft Foods Inc. (KFT) and Canadian Pacific Railway Ltd. (CP). The activist hedge fund manager is currently engrossed in a bitter proxy fight with Canadian Pacific Railway in a bid to elect seven new directors to the company's 16-person board and install Hunter Harrison as the rail company's chief executive. He was quoted by the Globe and Mail earlier Thursday as saying he's willing to review candidates other than his favored choice to lead the railway. -By Amy Or, Dow Jones Newswires, +1 212 416 3142, amy.or@dowjones.com

Stock News for Kraft (KFT)
DateTimeHeadline
06/18/201213:40:20Kraft Offers to Exchange Up to $3.6 Billion in Debt
06/12/201208:24:25DE Master Blenders Seeks to Become No 2 Maker of Coffee, Tea
06/08/201210:50:11Kraft Foods Will Transfer Listing to Nasdaq
06/08/201210:05:20Kraft Foods Will Transfer its Exchange Listing to Nasdaq
05/31/201216:56:10Corporate Bond Volume Tops May Forecasts Despite Volatility
05/30/201214:55:46Kraft Issuing $6 Billion Of Bonds As Treasurys Rally
05/18/201216:04:39Kraft Lowers Prices On Maxwell House, Other Coffee Brands -Reuters
05/18/201210:05:31Kraft: IRS Confirms Tax-Free Status Of Spinoff
05/15/201218:54:34Ackman's Pershing Square Slashes Kraft Stake By Nearly 27%
05/15/201217:58:10Buffett's Berkshire Shows New Stakes In General Motors, Viacom
05/04/201214:47:10US Stocks Tumble After Jobs Report; Nasdaq Faces Year's Biggest...
05/03/201216:55:15Kraft 1Q Profit Up 1.8% As Revenue Strengthens, Margins Weaken
05/03/201212:24:36Ackman's Pershing Square Funds Gain 1% In April
04/17/201215:44:24Demand Rises For Rainforest Alliance Coffee And Other Crops
04/13/201202:29:48European 1Q Cocoa Grindings Fall 0.1% On Year - ECA
04/12/201215:38:38Kraft Ends Athenos Greek-Yogurt Line, Exits Fast-Growing Space
04/10/201214:12:10EARNINGS PREVIEW: Consumer-Product Cos Take Steps To Defend Market...
04/06/201217:56:10Kraft Recalls Batch Of Planters Peanut Snacks
04/03/201215:46:12Kraft Lifts The Lid On Its Grocery Business
04/03/201210:07:22Kraft CEO's Total 2011 Compensation Up 13.5% To $21.9 Million

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