Bill Ackman acknowledges mistakes in 2015 (Reuters)

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Highlights:
Ackman, whose Pershing Square Capital Management lost between 16 percent and 20 percent in its funds in 2015, said it was a “very costly” mistake that he did not sell drug maker Valeant Pharmaceuticals International Inc when the stock price rose to $200 over the summer.

Similarly, he feels the firm should have cut its stake in Canadian Pacific when it reached Canadian $240 per share and he said it was a mistake to buy more shares in Platform Specialty Products at $25 a share to help the company finance an acquisition.

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Reference

http://www.reuters.com/article/us-hedgefunds-ackman-idUSKCN0V500X?nl=dealbook&emc=edit_dlbkam_20160127

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