Billionaire Bill Ackman details a $2 billion bet he just made that coronavirus will be a 'temporary but massive economic shock'

Business Insider

Published

**

· *Bill Ackman, the billionaire investor and manager of Pershing Capital Square Management, said that as of March 23, the firm removed all of its hedges betting against the market in a Wednesday letter to investors.*
· *That generated $2.6 billion in proceeds, compared with premiums and commissions of $27 million....

Full Article