While he was on TV crying about the #Coronavirus Crisis, @BillAckman Turned $27 Million Into $2.6 Billion

Bill Ackman's Pershing Square Capital Management hedge fund laid out $27 million to buy credit protection on global investment-grade and high-yield credit indexes. The purchases, which were made late last month when credit spreads were tighter, carried limited downside risk but the potential for significant upside. Ackman said Wednesday that he finished unwinding the hedges on Monday, reaping $2.6 billion in proceeds

https://www.barrons.com/articles/how-bill-ackman-turned-27-million-into-2-6-billion-during-the-coronavirus-crisis-51585147940?emailToken=6772b73e556048e2bc7079c0172038b8Gd7EuUvyQQ7JJ2Xv9KJ3hLhNiuKB1n79MhG0QgxRPFmtTLgIeec6kKg7tkZyn%2FO6GL0XHh5IUEkBYQYcj4rBWQwj349zf9yluHZ0h7%2Fa%2F9YQ3IjI9ZvloqXtaQEsI4sVwnTU4%2FTCurHgQy9GpJ8gCA%3D%3D

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