Pershing Square founder Bill Ackman is reportedly planning a new hedge fund strategy designed to capitalise on investor complacency, echoing the “doomsday” trades that netted Pershing Square billions during the pandemic, according to a report by the Financial Times.
The proposed vehicle would make asymmetric bets against prevailing market narratives, using derivatives and macro positions similar to those that produced a $2.6bn gain for Pershing Square in 2020. Unlike his flagship $20bn fund, the...
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