Bill Ackman, whose Pershing Square Capital made $4.5 billion for its investors last year, jumped onto the list of the Top 20 most successful hedge-fund managers of all time, according to an annual ranking out recently. Ackman, 48, is the youngest investor to make the list.
The $18.3 billion Pershing earned its investors $11.6 billion since it started in 2004.
The top all-time hedge-fund manager is George Soros, whose $31 billion Quantum Endowment Fund was started in 1973.
Ackman’s funds earned between 37 percent and 40 percent in 2014, according to investor reports.