Bill Ackman Insists That His Valeant Habit Is Under Control
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Bill Ackman appeared before his closest friends and relatives on CNBC today and tried to reassure everyone that, despite their concerns over his recent behavior and overal well-being, he is doing just fine…
It’s been a tough week for billionaire investor Bill Ackman, and longtime investors are debating the health of his firm, Pershing Square.
News that Ackman sold down his Mondelez position by 20 million shares on Wednesday night, just a day after losing $1 billion dollars on paper in Valeant, raised a flurry of new questions. His fund is down 9 percent this week and 26 percent year-to-date. Pershing Square’s value has also declined 47-percent from its high reached just back in July of last year.
And while the first step in recovery is acceptance, it appears that Bill is maybe not ready to engage with “the process” just yet…
Bill Ackman Insists That His Valeant Habit Is Under Control
