Hedge fund manager’s call hurts Realty Income Corp.

Reuters – Hedge fund manager William Ackman helped send Realty Income Corp (O.N), a real estate investment trust, down 4.5 percent on Wednesday after he identified it as good stock to bet against, analysts said.

Ackman, who manages $4.8 billion and whose investment ideas are closely followed in the markets, spoke at a conference in Texas on Tuesday where people who heard him speak said he identified Realty Income Corp as a possible stock to short.

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