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Bill Ackman's hedge fund bleeds cash.
January 23, 2018
By: TOM BRANNA
Editor
Maybe his chauffer can get a gig selling Herbalife. Hedge Fund Manager Bill Ackman, whose obsession to bring down the direct seller of nutritional and beauty products backfired spectacularly, has been forced to layoff off staff—including his personal driver. Pershing Square, Ackman's $9 billion hedge fund, has suffered losses for three straight years, even as the broader market has rallied. According to MarketWatch, Pershing Square laid off 18% of its staff on Friday, which brought its...
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