UPDATE 1-Ackman says hedge fund up 27% year to date, dumped Berkshire
May 27, 2020 at 16:24 PM EDT
William Ackman's hedge fund is boasting double-digit gains at a time many portfolios have sunk along with the economy during the coronavirus pandemic, after the billionaire investor plowed cash into a number of companies he already owned and dumped Warren Buffett's Berkshire Hathaway among other stocks.