Circuit-breakers kicked in as Pershing Square Holdings, the publicly traded vehicle led by hedge fund billionaire Bill Ackman, has been halted. With the stock down over 11%, Bill Ackman’s 30.7mm share personal holding means a paper loss of nearly $1 billion when the stock hit its intraday low of just over $3, down $32 on the day.
The stock trades on Euronext Amsterdam:
But there is a US tracker:
As Valeant is now down over 45% on the day.
Bye bye “tres commas” club?
via Zero Hedge http://ift.tt/1plMyqM Tyler Durden