/biz/ - Business & Finance

Anonymous Sun May 28 02:23:58 2023 No.55110089 [View]
File: 28 KB, 700x420, im-258382.jpg [View same] [iqdb] [saucenao] [google]

>>55105560
For unique and unconventional results, I suppose.

Bill Ackman's 'single best trade of all time' turned $27 million into $2.6 billion:

"Ahead of the 2020 stock market crash, Ackman hedged Pershing Square's portfolio, investing $27 million to purchase credit protection, insuring the portfolio against steep market losses. Pershing Square first disclosed the hedge on March 3, 2020. According to Reuters, "Ackman said hedging was preferable to selling off his portfolio of companies whose businesses are otherwise strong." The hedge was effective, generating $2.6 billion in less than one month."

Read more if you want to: https://en.wikipedia.org/wiki/Bill_Ackman#COVID-19_response

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/biz/ - Business & Finance

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