Bill Ackman’s Meltdown Comes As Pershing Square Outperforms

Last week Pershing Square’s founder and CEO, Bill Ackman, made an impassioned plea on CNBC to shut down the country for 30 days to contain the fast-spreading coronavirus. For more up-to-date hedge fund content, and exclusive access to value-focused hedge fund managers, check out Hidden Value Stocks. Ackman’s comments sent the stock market into a melt-down. The S&P 500 dropped 7% after his interview, triggering a 15-minute ‘circuit breaker’ trading halt. Ackman’s emotional interview In the emotional interview, Ackman revealed he went into lockdown almost a month ago to save his father’s life who is immunocompromised. He also said that as…