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Billionaire Bill Ackman says he considered liquidating his whole portfolio as coronavirus rocked markets
Ackman opted to bet on large hedges that turned $27 million into $2.6 billion when the market tumbled.
Billionaire Bill Ackman says he’s ‘beginning to get optimistic’ about a coronavirus recovery, weeks after saying ‘hell is comi...
Ackman cited the one-day drop in New York-based virus deaths along with lockdowns taking place throughout the country for his newly positive outlook.
Dymon Asia Capital had a moment straight out of "The Big Short" when it spotted red flags in Google searches and Chinese data.
Billionaire investor Bill Ackman asked Trump for an infrastructure boom after betting $500 million on a real estate developer
The Pershing Square chief called for the "biggest infrastructure program of all time" after investing in Howard Hughes two days earlier.
Billionaire investor Bill Ackman denies sounding the coronavirus alarm to tank markets and help his hedges
Ackman's Pershing Square made $2.6 billion from hedges, but cashed out $1.3 billion before his CNBC interview and didn't see extra gains on the rest.
Billionaire investor Bill Ackman turned $27 million into $2.6 billion by betting that coronavirus would tank the market
The windfall offset losses elsewhere in Ackman's portfolio and led Pershing Square to boost investments in Berkshire Hathaway, Hilton, and Lowe's.
‘Hell is coming’: Billionaire Bill Ackman sent the stock market spiraling during a 28-minute interview filled with dire coronavirus warnin...
"We will go through a Depression-era period in this country, and millions of people will die around the globe," he said.
Ray Dalio was blindsided by the coronavirus market rout, and now his flagship fund is down 20% this year
"We're disappointed because we should have made money rather than lost money in this move the way we did in 2008," the hedge fund billionaire said.
Billionaire investor Steve Cohen is reportedly raising money for a new fund designed to invest in private companies
The private-markets fund is Cohen's first investor offering outside the hedge fund space, and aims to raise between $500 million and $900 million.
Hedge funds seek to post gains during both market jumps and declines, though not all firms outperformed the S&P 500 through the chaotic month.