Billionaire investor Bill Ackman turned $27 million into $2.6 billion by betting that coronavirus would tank the market
Thursday, 26 March 2020 () · *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...
Billionaire philanthropist and Microsoft co-founder Bill Gates is applauding the efforts of several U.S. governors, including Maryland Gov. Larry Hogan, for their responses to the coronavirus pandemic. Katie Johnston reports.