Bill Ackman’s Pershing Square posted a record 70 percent return in 2020 as he noted in his shareholder letter, Business Insider reports. The billionaire investor’s new hedge has already tripled in value to almost $500 million.
Ackman won’t close his first SPAC deal this quarter, but he’s already planning a second. The article highlights five key takeaways from Ackman’s letter. Read more.
