Bill Ackman Said ‘Hell Is Coming’ in 2020 — How a $27 Million Hedge Turned Into $2.6 Billion as He Bought the Crash
Pershing Square CEO Bill Ackman warned that "hell is coming" in March 2020 before executing a $27 million credit hedge that generated $2.6 billion in proceeds, which he subsequently redeployed into equities during the COVID-19 market crash. The Misunderstood Warning During a 28-minute CNBC segment in 2020, Ackman recou