Pershing Square's Bill Ackman pocketed about $200 million from his latest Treasury trade , the Financial Times reported Wednesday, citing people familiar with the bet.
The hedge fund manager revealed Monday he covered his bet against 30-year Treasurys, believing that investors may increasingly buy bonds as a safe haven because of growing geopolitical risks. 'There is too much risk in the world to remain short bonds at current long-term rates,' Ackman said in a post on X, formerly known as Twitter, on Monday morning. 'We covered our bond short.' The firm's flagship fund has rallied 11.6% this year through Oct. 17.
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