News

Bill Ackman’s market-moving tweets make him the new bond king

Billionaire hedge fund boss calls time on US bond rout

Pershing Square Capital Management boss Bill Ackman helped start a rally in bond prices
Pershing Square Capital Management boss Bill Ackman helped start a rally in bond prices Photo: Bloomberg via Getty Images

Move over, Jeff Gundlach and Bill Gross. Wall Street has another bond king and it’s Bill Ackman.

Ackman, the billionaire head of Pershing Square Capital Management, helped ignite a sharp rally in US Treasuries on 23 October when he tweeted around 10am Eastern Time that his firm had covered its bond short.

WSJ Logo