Very negative” stance powered Pershing Square gains – but Ackman does not see protracted slump

(Hedgeweek) Pershing Square CEO Bill Ackman’s “very negative view” and “good sense of timing” powered the firm’s stellar $2.6 billion gain last month but the high-profile activist hedge fund manager does not fear a protracted 1930s-style depression as a result of the Covid-19 shutdown.

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