Billionaire investor Bill Ackman turned $27 million into $2.6 billion by betting that the coronavirus would tank the market
Pershing Square Capital Management CEO Bill Ackman minted a multibillion-dollar profit as coronavirus fears tanked US stocks. The hedge-fund billionaire turned a $27 million position into $2.6 billion through defensive hedge bets, a Wednesday letter to investors said. The profit offset losses …
Read more on businessinsider.com
Business Insider flipped this story into Latest Stories•1452d