Hedge fund manager Bill Ackman, the CEO of $19 billion Pershing Square Capital Management, is killing it again this year.
Reuters' Svea Herbst-Bayliss reports that the 48-year-old activist investor posted gains of 5.8% in February. Pershing Square is up 6.5% this year, the report said.
Meanwhile, the S&P 500 is up just over 2% this year.
Ackman had a monster year in 2014, netting 40.4% for the year thanks to his hugely profitable stake in Allergan.
For the most part, 2014 was a challenging year for hedge funds. According to the research firm Preqin, hedge funds on average returned just 3.78%, the lowest annual return since their 1.85% loss in 2011. For comparison, the S&P 500 rose 13% last year.
Ackman has said before that he wants to have "one of the greatest investment track records of all time." He has also said he would like to surpass legendary investor Warren Buffett's record. He is ranked No. 19 on fund-of-funds LCH Investments' "Greatest Money Managers" list.
NOW WATCH: This is what separates the Excel masters from the wannabes
See Also:The 40 richest hedge fund managersKen Griffin makes $90,000 per hour even while he's sleeping, according to his soon-to-be-ex-wife Herbalife says 2015 isn't going to be as great as it thought