{"id":58100,"date":"2017-05-19T08:23:43","date_gmt":"2017-05-19T12:23:43","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=58100"},"modified":"2017-05-19T08:23:43","modified_gmt":"2017-05-19T12:23:43","slug":"pershings-ackman-tells-hedge-fund-managers-about-his-biggest-investment-mistake","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2017\/pershings-ackman-tells-hedge-fund-managers-about-his-biggest-investment-mistake.html","title":{"rendered":"Pershing&#8217;s Ackman Tells Hedge Fund Managers About His Biggest Investment Mistake"},"content":{"rendered":"<p>(The Street)Embattled activist industry Bill Ackman on Thursday told hedge fund managers that his single biggest mistake with a particularly troubling large investment in Valeant Pharmaceuticals (VRX) was to rely on management at the drug company. <\/p>\n<p>&#8220;We don&#8217;t need to rely on management with the vast majority of our investments to get a good outcome,&#8221; Ackman told hedge fund managers at the SALT conference at the Bellagio Hotel in Las Vegas. &#8220;Our biggest mistake at Valeant was that [our investment] was incredibly dependent on management judgement. We made a big mistake.&#8221;<\/p>\n<p><a href=\"https:\/\/www.thestreet.com\/story\/14142490\/1\/pershing-s-ackman-tells-hedge-fund-managers-about-his-biggest-investment-mistake.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(The Street)Embattled activist industry Bill Ackman on Thursday told hedge fund managers that his single biggest mistake with a particularly troubling large investment in Valeant Pharmaceuticals (VRX) was to rely on management at the drug company. &#8220;We don&#8217;t need to [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-58100","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/58100","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=58100"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/58100\/revisions"}],"predecessor-version":[{"id":58101,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/58100\/revisions\/58101"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=58100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=58100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=58100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}