Billionaire investor Bill Ackman posted an 11% gain in March after turning $27 million into $2.6 billion with coronavirus bets

5:05am PDT - April 2nd, 2020    netflix stock - Business Insider

Bill Ackman's Pershing Square made an 11.1% net gain in March after betting that markets would tank due to the novel coronavirus. The billionaire investor's hedge fund spent $27 million on hedges that surged in value to $2.6 billion during the market sell-off…