Bill Ackman Shorts Over $20BN In Credit To Hedge Next Crash
Having made many headlines earlier in the year with his rightly apocalyptic perspective on the pandemic, billionaire hedge fund manager Bill Ackman pocketed a tidy $2.6 billion in profits on a massive (credit) hedge he placed amid stock market complacency ahead of its March collapse. On March 23rd, we completed the exit of our hedges…