Category: Bill Ackman

Can Bill Ackman Save Valeant?

Hedge fund kingpin Bill Ackman just went all in on Valeant (NYSE: VRX) and it could make or break his career.

Owning over 30 million shares near the highs, Ackman is down several billion dollars on the disastrous trade.

Today, Ackman¬†forced the ouster of CEO Michael Pearson and was himself appointed to the board. It is now very personal, as it should be with his hedge fund and reputation on the line. Continue reading “Can Bill Ackman Save Valeant?”