Bill Ackman says accusations he tried to drive down market in interview are ‘absurd’

Pershing Square Capital manager Bill Ackman defended his emotional CNBC appearance last week after his fund announced a few days later that it made over $2 billion on bets against the markets. The investor warned that “hell is coming” and that hotel stocks could go to zero in the interview.

“Shortly after the show, I heard that some had interpreted my remarks as being very bearish on the…

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