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Hedge fund manager turns $27m bet into $2.6b payout
A Wall Street hedge fund manager has turned a US$27 million (A$46 million) bet into a US$2.6 billion (A$4.4 billion) payout, all based on the economy collapsing. Bill Ackman of Pershing Square Capital Management placed the high-stake bets on the assumption that coronavirus would turn the global economy into a…
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