Mar
23
Valeant Losses Push Ackman Hedge Fund Down 25% for Year
ByFor investors in William A. Ackman’s Pershing Square Capital Management, the recent ride down continues to be hair-raising.
The billionaire has been fighting to turn things around for his hedge fund, which has lost billions of dollars in recent months. Pershing Square Holdings, the publicly listed entity of his firm, reported on Wednesday a year-to-date loss of 25.2 percent as of March 22.
The majority of the losses stem from his very public all-in bet on Valeant Pharmaceuticals International, whose shares have been battered even with an uptick this week. So far this year, shares of Valeant are down 67 percent…
Valeant Losses Push Ackman Hedge Fund Down 25% for Year
