Billionaire investor Bill Ackman denies sounding the coronavirus alarm to tank markets and rake in $2.6 billion from hedges

Billionaire investor Bill Ackman denies sounding the coronavirus alarm to tank markets and rake in $2.6 billion from hedges

Business Insider

Published

· *Bill Ackman addressed claims that he fanned fears of the novel coronavirus to benefit his hedge fund in a letter to investors on Thursday.*
· *The billionaire boss of Pershing Square Capital Management — which turned $27 million in hedges into $2.6 billion during the recent market sell-off — warned of mass casualties,...

Full Article