{"id":50389,"date":"2015-10-26T08:40:42","date_gmt":"2015-10-26T12:40:42","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=50389"},"modified":"2015-10-26T08:40:42","modified_gmt":"2015-10-26T12:40:42","slug":"last-week-was-a-rough-one-for-bill-ackman","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2015\/last-week-was-a-rough-one-for-bill-ackman.html","title":{"rendered":"Last Week Was a Rough One for Bill Ackman"},"content":{"rendered":"<p>New York (HedgeCo.net) \u2013 The overall market may have moved higher last week, but Bill Ackman didn\u2019t have a good week at all as two of his largest holdings fell sharply during the week.<\/p>\n<p>Valeant Pharmaceuticals (NYSE: VRX) is Ackman\u2019s largest holding, or at least it was. After falling 34.6%, VRX may not be the largest holding in the Pershing Square fund. If that weren\u2019t enough to create a bad week by itself, another of the fund\u2019s major holdings fell 12.6% on the week.<\/p>\n<p>Platform Specialty Products (NYSE: PAH) was the second holding and the drop came about after the company announced that their CEO, Dan Leever, will retire when the company finds a suitable replacement for him.<br \/>\nSince peaking at $28.44 in June, PAH has lost over 60% to close at $11.03 on Friday. Valeant peaked at $263.81 in August and has now lost 56% in the last two and a half months. <\/p>\n<p>Pershing Square lost 9.2% in August and then another 12.5% in September. The fund had been in positive territory prior to those back-to-back losing months and now two of its biggest holdings experienced huge losses last week. That isn\u2019t exactly what Mr. Ackman wanted to have happen. <\/p>\n<p>Rick Pendergraft<br \/>\nResearch Analyst<br \/>\nHedgeCoVest<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.net) \u2013 The overall market may have moved higher last week, but Bill Ackman didn\u2019t have a good week at all as two of his largest holdings fell sharply during the week. Valeant Pharmaceuticals (NYSE: VRX) is Ackman\u2019s [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,3,16048],"tags":[],"class_list":["post-50389","post","type-post","status-publish","format-standard","hentry","category-hedgeco-networks-press-releases","category-hedgeco-news","category-hedgecovest-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/50389","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=50389"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/50389\/revisions"}],"predecessor-version":[{"id":50390,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/50389\/revisions\/50390"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=50389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=50389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=50389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}