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27

Morning Agenda: Valeant Losses Drag Ackman Hedge Fund Down

By Tony Seruga

VALEANT LOSSES DRAG ACKMAN HEDGE FUND DOWN |Pershing Square Holdings, the publicly listed entity of William A. Ackman’s firm, reported a year-to-date loss of 25.2 percent as of March 22,
Alexandra Stevenson reports in DealBook.

Most of the losses stem from Mr. Ackman’s bet on Valeant Pharmaceuticals, whose stock has fallen 67 percent so far this year. Mr. Ackman’s commitment to Valeant has not wavered and he even sold part of his stake in Mondelez, partly to free up cash…

Morning Agenda: Valeant Losses Drag Ackman Hedge Fund Down

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