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Ackman's Biggest Valeant Regret Is Being Unable to Buy More

  • Hedge fund investor is drugmaker's third-biggest shareholder
  • Valeant has dropped about 70 percent since peak in August
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Ackman Defends Valeant, Wall Street Unloads Stocks

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Billionaire hedge fund investor Bill Ackman tried again Monday to shore up support for Valeant Pharmaceuticals International Inc., saying the drugmaker has been “largely a victim of fear and panic.”

“The biggest regret I have with Valeant is that we’re not in a position to buy more,” Ackman said on a conference call Monday defending the company and his firm’s 21 million shares his firm holds.