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Bill Ackman's Greatest Hits and Misses

Zaw Thiha Tun

Bill Ackman has seen better days. In October 2018, CNBC  reported that Ackman's Pershing Square Capital made a$900 million bet on Starbucks. It was reported in February 2018, Ackman exited his entire $1-billion short bet against Herbalife. The fund faced a wave of redemption from institutional investors like the Blackstone Group and many asset managers like JP Morgan are no longer recommending it to clients, reported the Wall Street Journal in April.