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Ackman Is Coming For Your Souls

Bill Ackman's Pershing Square is now down just 15 percent year-to-date. This comes as the fund was down 2 percent in November and off 17 percent for the first 11 months of the year. Still a large cry from the 40 percent gain in 2014. 

The difference is the recent, large, move in Valeant Pharma (VRX) shares, which is now up 10 percent in Dec.