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Billionaire Bill Ackman Made 100-Fold Return On Coronavirus Hedge That Yielded $2.6 Billion

25 Mar 2020

Billionaire investor Bill Ackman made $2.6 billion on a $27 million coronavirus hedge. On Monday, he cut the hedge and used the cash to buy Starbucks, Berkshire Hathaway and Lowe's.

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This content was originally published by Forbes Magazine. Original publishers retain all rights. It appears here for a limited time before automated archiving. By Forbes Magazine

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