Bill Ackman Turns Bearish

Pershing Square trimmed its February losses with a big hedge.

Bill Ackman (Michael Nagle/Bloomberg)

Bill Ackman

(Michael Nagle/Bloomberg)

The coronavirus has made Bill Ackman bearish for the first time since the financial crisis of 2008.

Ackman’s Pershing Square put on a big hedge in recent days that that paid off when the market tanked in February, according to the firm.


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