Spring stock market crash, 100 times of the big man said: see more next years U.S. stocks

category:Finance
 Spring stock market crash, 100 times of the big man said: see more next years U.S. stocks


But he warned that with more than 250000 deaths from new coronal infections in the United States, the future will be dark days. While he is generally optimistic, he also said it is time to ensure that his portfolio is prudent in the face of a range of uncertainties that could lead to market volatility.

As corporate credit spreads are tight, ackman has made new hedges, about a third of what he did earlier this year. In a conference call with investors, he said he likes the companies he invests in now and hopes Lloyds, Starbucks, Hilton and chipotle do well after the pandemic. Ackman is in charge of Pershing square, a $12.5 billion company with a return of about 55% this year, making it one of the best performing hedge funds on Wall Street this year. This year is also the companys best year since it was founded 16 years ago, according to ackman. He has disclosed that in the first quarter of this year, the market had hedged in response to the global outbreak of the new coronavirus, which was not priced at all in the market at that time. The hedge earned his fund 100 times return, making a net profit of about $2.6 billion. Source: Wall Street news editor in charge: Zhong Qiming_ NF5619

As corporate credit spreads are tight, ackman has made new hedges, about a third of what he did earlier this year. In a conference call with investors, he said he likes the companies he invests in now and hopes Lloyds, Starbucks, Hilton and chipotle do well after the pandemic.

He has disclosed that in the first quarter of this year, the market had hedged in response to the global outbreak of the new coronavirus, which was not priced at all in the market at that time. The hedge earned his fund 100 times return, making a net profit of about $2.6 billion.