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Bill Ackman turned a $27 million COVID hedge into $2.6 billion

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  • Bill Ackman converted a $27 million credit hedge into $2.6 billion during the COVID-19 crash.
  • The S&P 500 rose 126.42% from 3,373.23 on Feb. 20, 2020, to 7,637.76.
  • Pershing Square bought Hilton at $55 and Lowe's at $70 per share in March 2020.
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Bill Ackman turned a $27 million COVID hedge into $2.6 billion - CoinPost Terminal