Managers 'applaud' Ackman's Netflix exit

About $400m loss

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

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 roughly $400m loss.

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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