• Bill Ackman explains his trades around his 'Hell is coming' CNBC interview

    13 days ago - By CNBC

    Pershing Square Capital CEO Bill Ackman told CNBC's Scott Wapner on March 18 that he had a feeling that "Hell is coming." The appearance stoked a lot of controversy after it was that Ackman's Pershing Square netted $2.6 billion gain after a bet against the equity markets. Ackman released a letter Thursday night explaining what happened. CNBC's Becky Quick explains the details of the letter as well as reports on her conversations with Ackman.
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