Hedge fund legend Ackman bets against the stock market panic – and wins billions

Bill Ackman

The hedge fund manager makes a recovery bet in times of virus panic.

(Photo: Bloomberg / Getty Images)

new York It was an emotional interview Bill Ackman gave last week on CNBC. The otherwise cool hedge fund manager became personal. The 53-year-old’s voice came to a halt again and again when he spoke about the corona virus: “Everyone believes that there is a 99 percent chance that it will turn out lightly for you.

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