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Bill Ackman - Pershing Square Q1 2012 Shareholder Letter


farnamstreet
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Two questions, 1. Anyone have any idea why he didnt include may returns? Letter was dated June 12th, I got stat sheet for May yesterday, dated early June? Seems a bit strange? http://www.valuewalk.com/2012/06/ackmans-pershing-square-up-2-6-ytd-rare-short-position-added/. He did awful in may but is that reason he would just leave it out (and April is missing)

 

2. Anyone have an idea what his short is? Hes usually long only?

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