CEO and Portfolio Manager Pershing Square Capital Management L.P. William Ackman. Image source: Getty.

Bill Ackman wants ‘a 30-day rent, interest and tax holiday for all’

Earlier this month, Bill Ackman made moves to protect his hedge fund’s $6.6 billion portfolio against what he predicted to be a rough stretch for markets in the face of the coronavirus spread.

The moves proved to be prescient, considering the volatility that has slammed into stocks as the number of COVID-19 cases continues to explode across the country.

Now, the Wall Street billionaire boss at Pershing Square is urging President Donald Trump to take drastic measures to tackle the outbreak head on:

Mr. President, the only answer is to shut down the country for the next 30 days and close the borders. Tell all Americans that you are putting us on an extended Spring Break at home with family. Keep only essential services open. The government pays wages until we reopen. — Bill Ackman (@BillAckman) March 18, 2020

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Originally posted by:

Shawn Langlois

www.marketwatch.com

March 18th, 2020