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Ackman Loses $1 Billion, Pershing Square Fund Halted

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Circuit-breakers kicked in as Pershing Square Holdings, the publicly traded vehicle led by hedge fund billionaire Bill Ackman, has been halted. With the stock down over 11%, Bill Ackman's 30.7mm share personal holding means a paper loss of nearly $1 billion when the stock hit its intraday low of just over $3, down $32 on the day.

 

The stock trades on Euronext Amsterdam:

 

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But there is a US tracker:

 

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As Valeant is now down over 45% on the day.

 

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Bye bye "tres commas" club?

 

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