One Billion Reasons for Ackman's Love Affair With Valeant's Pearson

Pershing Square hedge fund manager William Ackman and Valeant Pharmaceuticals CEO Mike Pearson are a match made in heaven. $1 billion in paper profits after announcement made Ackman must have pretty sweet thoughts of the relationship.  After tallying nearly $1 billion in short term gain on his largest bet as a hedge fund manager – an event that took less than a few minutes as Valeant announced the acquisition of Botox marketer Allergan in after-hours trading yesterday –Ackman was all smiles with his new partner Pearson.  Not a bad day’s pay for doing nothing more than providing a little muscle…