Meet billionaire Bill Ackman, who made billions off coronavirus crash - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 50 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Meet Bill Ackman, the controversial hedge-fund manager who made $2.6 billion off the coronavirus market crash in March

The billionaire defended himself in a statement to Pershing Square investors, writing that "By Wednesday, March 18th at 12:30 p.m., when I appeared on CNBC, we had already sold slightly more than half of the notional amount of our CDS, realizing a gain of more than $1.3 billion, with the unrealized portion of our hedge having a market value at that time of $1.3 billion for a total of $2.

Ezra Merkin secretly invested his client's money with Bernie Madoff, losing billions after the Ponzi scheme was exposed, according to. Merkin was investigated by the New York Attorney General as a potential coconspirator of Madoff's but settled his case in 2012. "I've known him for 15 years," Ackman said. "I think he's an honest person, an intelligent person, an interesting person, a smart investor. People don't want to hear that because if you invested with Ascot you lost all your money."

Fellow hedge fund manager Michael Steinhardt of Steinhardt, Fine, Berkowitz & Co. also publicly defended Merkin, according toBill Ackman and Neri Oxman attend The New York Stem Cell Foundation Gala And Science Fair at Jazz at Lincoln Center on October 7, 2019 in New York City. "Maybe it has something to do with being loved and getting married?" Ackman said of his successes at an investor conference in April 2019,

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Yid nigga, right!

Disgusting

If there is ever a place called hell, people like him would burn in it forever.

Cool man

He still has not made back what he lost for shorting Herbalife.

The guy who was almost crying just a few weeks ago?

This is a comprehensive article in praise of Mr. Ackman. However, it fails to say that he lost $4 Billion of his investment in Valeant Pharmaceuticals. And now Mr. Ackman is dangerously heralding Herd_Immunity. This time, the cost will be innocent lives.

Sbwl to be a hedge fund owner 🥺🥺

How s Valeant going btw?

him like many others...

NeriOxman _whitneywebb JasonBermas

DukeandDuchessofCambridge and video called pupils at Casterton Primary Academy in Burnley. KateMiddleton opted ..

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines