Bill Ackman sells Starbucks for huge return as China stores close over coronavirus

Bill Ackman sells Starbucks for huge return as China stores close over coronavirus

Bill Ackman just decaffeinated his portfolio. The billionaire investor on Wednesday said his Pershing Square hedge fund sold its stake in Starbucks for a massive 73-percent profit. The timing of the sale suggests a piping hot return of $516 million, although …

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