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Hedge Fund and Insider Trading News: Bill Ackman, Warren Buffet, Point72 Asset Management, Farallon Capital Management, Optima Asset Management, ALX Oncology Holdings Inc (ALXO), VMware, Inc. (VMW), and More
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Billionaire investor Bill Ackman told CNBC on Wednesday he’s bullish on the U.S. and markets over the long term, but companies with a high debt will have a hard time surviving as the country struggles to reopen fully. “We are long-term bullish on America; We are long-term bullish on the markets,” Ackman said in a “Squawk Box” interview. “But I would say I’m cautious on markets over the next period of time. We have today a short position in a high-yield index. We are bearish on highly levered companies.”