Ackman says Pershing Square no longer has hedges on stocks

FILE PHOTO: Bill Ackman, chief executive officer and portfolio manager at Pershing Square Capital Management, speaks during the SALT conference in Las Vegas, Nevada, U.S. May 18, 2017. REUTERS/Richard Brian

- William Ackman’s Pershing Square Capital Management no longer has hedges on its stock portfolio, but still has some cash to invest if equities decline further as the United States battles the coronavirus outbreak, the billionaire investor said on Saturday. Pershing Square earned roughly $2.6 billion by hedging its stock portfolio in early March through credit protection on investment grade and high yield credit indices. Much of the money has been reinvested in stocks the firm already owns.adding that he continues to believe the sooner the entire United States is shut down, the more lives will be saved and the sooner the economy will recover.

You are corrupt guys need to be in jail what you did to the market you need to give $ 2 billion you made to us hard American worker you full shut

Reassuring! No one should provide him a platform for apocalyptic predictions without full disclosure of his heavily shorted positions. His rant was shameful and should be considered market manipulation. Unethical at best and maybe worse? CNBC CNBC

Bullshit.

Bare. Naked. Puts.

Philippines Philippines Latest News, Philippines Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bill Ackman says accusations he tried to drive down market in interview are 'absurd''The idea that my appearance pushed the market down an additional 4% that day is absurd,' Ackman told investors on Thursday. I mean he did make 2 billion and sold shortly after his interview and tweets. 🤷‍♂️ Why are you giving this weasel plarform? Grow some standard CNBC. That guy is a snake
Source: CNBC - 🏆 12. / 72 Read more »

Bill Ackman says accusations he tried to drive down market in interview are 'absurd''The idea that my appearance pushed the market down an additional 4% that day is absurd,' Ackman told investors on Thursday. I mean he did make 2 billion and sold shortly after his interview and tweets. 🤷‍♂️ Why are you giving this weasel plarform? Grow some standard CNBC. That guy is a snake
Source: CNBC - 🏆 12. / 72 Read more »

These stocks are primed for a recovery when the coronavirus crisis passes, analysts sayYour weekend brief: These stocks are primed for a recovery when the coronavirus crisis passes, analysts say Pro Nothing like profiteering during a human health crisis. Using a crisis to sell. Not cool. Sure, you can get run over. Thanks for providing liquidity.
Source: CNBC - 🏆 12. / 72 Read more »