An Update on Your Favorite Hedge Fund Manager

Bill “Montauk” Ackman lost 7.3% in October and is down around 19% for the year.

With his largest short, HLF, trending higher, and his largest long, VRX, getting raped and pillaged, alongside another billion dollar position in PAH getting face punched daily, I am sure our favorite local hedge fund manager has several tricks up his sleeve.

Ackman tends to blow up after big up years, as was the case when he tried to turn JCP into Apple.

Nevertheless, its been a hard year for many high profile managers. Our thoughts and prayers from iBankCoin go out to these poor lads, inside their 100 million dollar shitboxes.