Bill Ackman, macro tourist, is back

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Bill Ackman, macro tourist, is back - Financial Times

Quick Summary:

His hedge fund Pershing Square has notched up compounded net annual returns of over 16 per cent since 2004.

We suspect that, beyond a natural love for all asymmetric bets, there’s something about the legend of Soros “breaking the Bank of England” that is simply irresistible to all hedge fund managers.

Yes, sure, Ackman has made a bundle on some big macroeconomic trades, most notably a big CDS bet on corporate distress in 2020, and in 2021 that inflation would accelerate, which has helped contain his losses this year.

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Article Details

Author / Journalist: Robin Wigglesworth

Category: MarketsFinanceInvesting



Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-24 @ 15:05:03 (2 weeks ago)

News Timezone: GMT -5:00

Ranking: #76 (out of 2476 stories this day)

News Source URL:

Language: English

Article Length: 809 words

Reading Time: 5 minutes read

Sentences: 41 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 1912921

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About Financial Times

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Update Frequency: 18 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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Publisher ID: #3

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