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21

Bill Ackman Bets Again on Valeant, Taking a Seat on the Board

By Tony Seruga

After reaping the best returns of any hedge fund manager in 2014, Bill Ackman appeared on the cover of Bloomberg Markets magazine, grinning, with the headline, “How Do You Like Bill Ackman Now?”

Well, these days, about 47 percent less.

That is the amount Mr. Ackman’s funds are down from their highs as he miscalculated, several times over, his investment in Valeant Pharmaceuticals, which has turned into an unmitigated disaster…

Bill Ackman Bets Again on Valeant, Taking a Seat on the Board

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