On March 3, 2020, Ackman told investors in his publicly traded Pershing Square Holdings (OTC: PSHZF) that he was worried about the potential economic impact of the coronavirus. To protect Pershing Square, Ackman aggressively "hedged" his portfolio against a market crash. Just 20 days later, on March 25, Ackman updated his investors on the fact that he had closed out his hedge with an astounding profit... He cashed in a $27 million investment less than a month later for net proceeds of $2.1 billion. Ackman generated a profit of more than $2 billion in less than a month while risking just $27 million of Pershing Square Holdings' portfolio. Now we have just learned about Ackman's latest insane profit... |
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