Bill Ackman Explains Himself as Pershing Square’s Portfolio Soars

Hedged during the worst of the downturn, Pershing Square then went bullish.

Bill Ackman (Andrew Harrer/Bloomberg)

Bill Ackman

(Andrew Harrer/Bloomberg)

Bill Ackman’s prescient worries about the novel coronavirus helped his Pershing Square Holdings turn in a stunning double-digit performance during March as the markets slipped into bear territory.

The publicly-traded fund, now Ackman’s largest, is up 3.3 percent for the year after rising 11.1

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