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14&Counting
Hawaii Fan
Manhattan Beach, CA
Member since Jul 2012
22796 posts

Hedge Fund Boss Makes $2.6 bn AFTER Making Dire Public Pronouncemnets
inb4 "muh free market"

Bill Ackman, hedge fund manager of Pershing Square Capital Management in the US, has said his firm netted a whopping $2.6billion from an initial $27million bet that the coronavirus outbreak would cause a global market crash.

The enormous return came barely a week after Ackman claimed 'Hell is coming' for US business. His firm seized upon bond market turmoil during the Covid-19 crisis, in buying 'credit protection on various global investment grade and high-yield credit indices'.

Pershing Square's profit from the trade could stack up as one of the most lucrative ever, if confirmed.

LINK


AllDayEveryDay
Texas A&M Fan
Nawf Tejas
Member since Jun 2015
1351 posts

re: Hedge Fund Boss Makes $2.6 bn AFTER Making Dire Public Pronouncemnets
Well...


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DragginFly
Atlanta Braves Fan
Under the Mountain;By the Lake
Member since Oct 2014
2924 posts

re: Hedge Fund Boss Makes $2.6 bn AFTER Making Dire Public Pronouncemnets


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BuzzSaw 12
Georgia Tech Fan
The ATL
Member since Dec 2010
1716 posts

re: Hedge Fund Boss Makes $2.6 bn AFTER Making Dire Public Pronouncemnets
Ackman is a piece of shite. Always has been. I knew that dog and pony show he put on last week with all his whining and crying and doomsday predictions was nothing more than to do whatever it took to make the market tank. CNBC is just as complicit for putting his sorry arse on TV and running the segment over and over again. Pathetic.


xGeauxLSUx
LSU Fan
Member since Oct 2008
11756 posts

re: Hedge Fund Boss Makes $2.6 bn AFTER Making Dire Public Pronouncemnets























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Friscodog
Louisiana Tech Fan
Frisco, TX
Member since Jul 2009
2582 posts

re: Hedge Fund Boss Makes $2.6 bn AFTER Making Dire Public Pronouncemnets
quote:

Ackman is a piece of shite. Always has been. I knew that dog and pony show he put on last week with all his whining and crying and doomsday predictions was nothing more than to do whatever it took to make the market tank. CNBC is just as complicit for putting his sorry arse on TV and running the segment over and over again. Pathetic.



Anything to take down Trump..


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51
tiggerthetooth
Houston Astros Fan
Big Momma's House
Member since Oct 2010
43296 posts

re: Hedge Fund Boss Makes $2.6 bn AFTER Making Dire Public Pronouncemnets
Another Soros like figure. Making huge amounts of cash off of turmoil in the world.


GRTiger
USA Fan
On a roof eating alligator pie
Member since Dec 2008
52297 posts

re: Hedge Fund Boss Makes $2.6 bn AFTER Making Dire Public Pronouncemnets
What are we supposed to say about this? Seems like he was transparent with his prediction and put his money where his mouth was.

quote:

The bet, designed to protect the firm from falling stock markets triggered by the pandemic, saw his firm make almost 100 times its initial $27million investment


Is this not proper management?

quote:

The firm completed the transaction on March 23


That was 3 days ago.

quote:

It came barely a week after Ackman gave an emotional television interview claiming 'hell is coming' for American business


Hell was at the front door by last week. He was right, but by then it wasn't some outlandish prediction.

Also, the DailyMail website is such a clusterfrick.


EZE Tiger Fan
Member since Jul 2004
40145 posts

re: Hedge Fund Boss Makes $2.6 bn AFTER Making Dire Public Pronouncemnets
What a POS


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Damone
Colorado State Fan
FoCo
Member since Aug 2016
19532 posts

re: Hedge Fund Boss Makes $2.6 bn AFTER Making Dire Public Pronouncemnets
All hedge fund managers are pieces of shit, nothing new.


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OchoDedos
Navy Fan
Tejas
Member since Oct 2014
15717 posts

re: Hedge Fund Boss Makes $2.6 bn AFTER Making Dire Public Pronouncemnets
If there was an SEC that wasn't subservient to Wall Street these things wouldn't happen.


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60
coachcrisp
Alabama Fan
pensacola, fl
Member since Jun 2012
19360 posts

re: Hedge Fund Boss Makes $2.6 bn AFTER Making Dire Public Pronouncemnets
quote:

What are we supposed to say about this? Seems like he was transparent with his prediction and put his money where his mouth was.

You're absolutely right. He told the truth, then put his investors' money where his mouth was! I wish I'd had my portfolio in his hands!


buckeye_vol
Ohio State Fan
Member since Jul 2014
32608 posts
 Online 

re: Hedge Fund Boss Makes $2.6 bn AFTER Making Dire Public Pronouncemnets
quote:

Another Soros like figure. Making huge amounts of cash off of turmoil in the world.
Soros is actually good at making money at least. Ackman is bound to lose this sooner rather than later.


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OchoDedos
Navy Fan
Tejas
Member since Oct 2014
15717 posts

re: Hedge Fund Boss Makes $2.6 bn AFTER Making Dire Public Pronouncemnets
quote:

He told the truth, then put his investors' money where his mouth was!

He manipulated the Market causing a mini panic in the Bond Markets. He's scum, no different than Soros.


coachcrisp
Alabama Fan
pensacola, fl
Member since Jun 2012
19360 posts

re: Hedge Fund Boss Makes $2.6 bn AFTER Making Dire Public Pronouncemnets
Please tell me how he manipulated the market. Was what he said not correct?


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16
BugAC
LSU Fan
Baton Rouge
Member since Oct 2007
36395 posts

re: Hedge Fund Boss Makes $2.6 bn AFTER Making Dire Public Pronouncemnets
quote:

inb4 "muh free market"


You believe a socialist/communist economy is less susceptible to greed?


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10
Vacherie Saint
New Orleans Saints Fan
Member since Aug 2015
21030 posts

re: Hedge Fund Boss Makes $2.6 bn AFTER Making Dire Public Pronouncemnets
This is the frick that actively tries to bring down businesses he's shorting. Bull shite.


theCrusher
LSU Fan
Slidell
Member since Nov 2007
674 posts

re: Hedge Fund Boss Makes $2.6 bn AFTER Making Dire Public Pronouncemnets
like in 2008 they should have stopped all short selling.


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SDVTiger
Hawaii Fan
Off the Wall
Member since Nov 2011
41054 posts

re: Hedge Fund Boss Makes $2.6 bn AFTER Making Dire Public Pronouncemnets
Hes now even after getting crushed from Valeant Pharm


Janky
LSU Fan
Team Primo
Member since Jun 2011
31568 posts

re: Hedge Fund Boss Makes $2.6 bn AFTER Making Dire Public Pronouncemnets
...and herbalife.


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