Ackman Loses $1 Billion, Pershing Square Fund Halted

by Tyler Durden
ZeroHedge.com
03/15/2016

Circuit-breakers kicked in as Pershing Square Holdings, the publicly traded vehicle led by hedge fund billionaire Bill Ackman, has been halted. With the stock down over 11%, Bill Ackman’s 30.7mm share personal holding means a paper loss of nearly $1 billion when the stock hit its intraday low of just over $3, down $32 on the day.

The Rest…HERE

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