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Billionaire investor Bill Ackman turned $27 million into $2.6 billion by betting that coronavirus would tank the market

Business Insider Thursday, 26 March 2020 ()
Billionaire investor Bill Ackman turned $27 million into $2.6 billion by betting that coronavirus would tank the market· *Hedge fund billionaire Bill Ackman turned a $27 million position into a $2.6 billion windfall as the coronavirus dragged stocks to multiyear lows and threatened deep economic recession.*
· *Pershing Square Capital Management turned to credit protection on investment-grade and high-yield bond indexes to bet on an increased...
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