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Billionaire Bill Ackman reportedly makes $200M from bet against US Treasuries
Billionaire hedge fund manager Bill Ackman shorted 30-year Treasury bonds in August — a move that netted his fund a profit of about $200 million, people familiar with the matter told the Financial Times. The founder of New York hedge fund Pershing Square Capital Management said on X on Monday that “there is too much risk in the world to remain short bonds at current long-term rates,” hinting at his exit from the short position. Ackman — who in 2020 was famously among a small number of investors to call the COVID-19 crisis early and put on a hedge that netted a $2.6 billion windfall — has become known for ... (full story)