Bill Ackman claims firm made $2.6bn betting on coronavirus outbreak

Hedge fund manager took advantage of market turmoil to make almost 100 times his outlay Coronavirus – latest updatesSee all our coronavirus coverageThe hedge fund manager Bill Ackman has claimed his firm made $2.6bn (£2.2bn) betting that the coronavirus outbreak would cause a market crash, barely a week after warning that “hell is coming” for US companies.Ackman took advantage of bond market turmoil to make almost 100 times his original outlay of $27m on bets on market mo