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Billionaire Hedge Fund Manager Bill Ackman Failed to Follow These 2 Rules of Trading & It May Sink His Hedge Fund

Posted by TopstepTrader on April 06, 2018

If you want to watch what happens when you don't control your trading losses, pay attention to what's going on at Pershing Square Capital. Pershing Square — led by billionaire hedge fund manager Bill Ackman — managed nearly $20 billion of outside capital three years ago. 

But Ackman's fortunes have changed since Forbes famously compared him to Warren Buffett on a 2015 cover. According to the Wall Street Journal yesterday (subscription), "most" of Ackman's investors are asking for their money back. 

What changed? Ackman failed to follow these two trading rules — and it may sink his fund. Here's what you can learn from a billionaire's huge mistakes.

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Topics: Trading Basics, Futures, Forex, Bill Ackman

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