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Bad year for Wall Street's 'golden boy' Bill Ackman

Huge bets on firms like Valeant and Herbalife have delivered steep losses to billionaire's Pershing fund
Monday, July 18, 2016 - 05:50
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The stylishly coiffed Mr Ackman has a history of taking contrarian stakes and then going very public with them.

New York

FOR a Wall Street star once dubbed the "Baby Buffett", Bill Ackman is having a pretty bad year.

Huge bets on companies like Valeant and Herbalife have delivered steep losses to the flamboyant billionaire's Pershing Square hedge fund.

With some US$12 billion under