Bill Ackman turned 27 Million in to 2.6 Billion…. Or did he? Kinda.
by MasterCookSwag Link to the letter to investors: https://assets.pershingsquareholdings.com/2020/03/26222617/Pershing-Square-Capital-Management-L.P.-Releases-Letter-to-Investors-March-26-2020.pdf Shamelessly stolen from Levine’s column today: That $27 million is not the total cost of protection; it is the running cost of protection. Here’s his explanation: In February, the Pershing Square funds …