Bill Ackman Explains Why He likes the Hong Kong Dollar

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Sep 15, 2011
Bill Ackman spoke at the Delivering Alpha Conference yesterday on his new investment in the Hong Kong dollar. This morning on CNBC, Ackman discussed further why he is bullish on the company.


William A. Ackman of Pershing Square Capital Management shares his strategy behind investing in Hong Kong and why he sees a 100 times return on investment. He explains there is less risk in owning the Hong Kong dollar vs. the U.S. dollar.