Wednesday, October 21, 2015

So, How Much Did Pershing Square's Bill Ackman Lose Today?

It's a big number.
From ZeroHedge:

If Ackman Is About To Blow Up, This Is What Plunges Next
With Valeant having collapsed over 30% today alone, now under $100 for the first time in a year (from highs over $260 in August 2015):
Someone just dumped a bucketload of VRX...
... we - and others - thought a glance at Bill Ackman's largest holdings (of which Ackman has now lost nearly $2 billion on Valeant alone in 2015) was worthwhile in case things start to escalate even quicker: after all, losing nearly a billion dollars in one day will make even the most hardeneded LP nervous and one wonders how long before the rest of Pershing Square's holdings are liquidated

With these sizable positions, even the slightest fear of liquidation will spark investor front-running in these names, and it seems they already are:

And then there is Ackman's "Big Short" - Herbalife...
Charts: Bloomberg