Ackman’s Pershing Square reaps $2.7 billion from rate trade but down 9% in 2022 -letter
By Nell Mackenzie LONDON (Reuters) – Billionaire investor William Ackman’s Pershing Square fund reaped $2.7 billion on interest rate trades in 2022, but not enough to plug losses and the fund finished the year down almost 9%, according to an investor presentation seen by Reuters. U.S. stock indexes had a dismal 2022 with the S&P …
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