Managers 'applaud' Ackman's Netflix exit

About $400m loss

clock • 2 min read
Ackman decided to sell out of Netflix
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Ackman decided to sell out of Netflix

Managers that hold Bill Ackman’s Pershing Square Capital have said they “applaud” his move to sell his Netflix stake, which incurred a loss of around $400m.

Investment Week reached out to managers that hold Pershing Square within their top ten holdings. Credo Growth and JP Morgan Multi Manager Growth funds, which have 3.1% and 2.9% of their funds in the company...

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