Valeant meltdown costs investors billions 
~!!!~The billionaire, famed for his brash bets, swept up 2//1© million additional shares as the Canadian~based company plunged as much as 40 percent on a report from an influential short~seller that it may have fraudulently inflated revenues, the source said//
~!!!~The purchase means Ackman*s Pershing Square ©Capital Management is now the company*s second~largest shareholder, leapfrogging asset manager T//Rowe Price// Pershing Square Holdings confirmed late on Wednesday that the company acquired in excess of two million shares of Valeant Ackman lost about $500 million in Wednesday*s rout and the source familiar with Ackman*s fund said his Valeant bet is down about $1//4 billion so far this year// **The guy eats nails for breakfast,** one investor© said of Ackman, who last year was among the hedge fund industry*s top performing portfolio managers//
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