Money and Finance
UPDATE: Link: Loeb Outlines Bullish Thesis on Herbalife; Pyramid Scheme Accusation Has No Merit
UPDATE: Video: Battle of the Hedge Fund Titans
- After Big Bet, Hedge Fund Pulls The Levers Of Power
Link to article: After Big Bet, Hedge Fund Pulls the Levers of PowerAt a Midtown Manhattan steakhouse last June, William A. Ackman, the activist hedge fund manager who had bet a billion dollars on the collapse of the nutritional supplement company Herbalife,...
- Hedge Fund Mogul At Risk Of A Short Squeeze On Herbalife
Found via the Corner of Berkshire & Fairfax. Hedge fund titan Bill Ackman had an easy time vanquishing the sclerotic board of Canadian Pacific Railway last year. He’s now in an even more fascinating bare-knuckles fight, this time with Herbalife...
- Third Point’s Fourth Quarter 2012 Investor Letter
Found via Distressed Debt Investing. Link to: Third Point’s Fourth Quarter 2012 Investor Letter ……………… Related previous post: Activist Investor Dan Loeb Takes 8% Stake in Herbalife ...
- Pershing Square's Ackman Shorts Herbalife; Stock Skids
Ackman's presentation will also be streamed live at 9:30am today, HERE. (Reuters) - Activist investor William Ackman confirmed on Wednesday that he is betting against the stock of Herbalife Ltd (HLF.N) in a move that sent shares of the weight...
- Transcript Of David Einhorn's Questions On Herbalife Conference Call
Via Market Folly: Earlier today, David Einhorn of Greenlight Capital surfaced on Herbalife's (HLF) conference call. Below is a transcript of the questions the hedge fund manager asked and the company's responses. Herbalife is multi-level...
Money and Finance
Activist Investor Dan Loeb Takes 8% Stake in Herbalife
Third Point's Dan Loeb has taken an eight percent stake in nutritional supplements seller Herbalife, according to a regulatory filing.
This disclosure pits Loeb, who successfully took on Yahoo, against Pershing Square's Bill Ackman who shorted more than 20 million shares of Herbalife, calling it a pyramid scheme and suggesting the stock will go to zero.
Loeb's disclosure comes a day before Herbalife will make big investor presentation in New York to respond to Ackman's allegations, which he made in his own lengthy presentation two weeks ago.
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Related previous post: Bill Ackman on CNBC: Why I Am Shorting Herbalife
UPDATE: Link: Loeb Outlines Bullish Thesis on Herbalife; Pyramid Scheme Accusation Has No Merit
UPDATE: Video: Battle of the Hedge Fund Titans
- After Big Bet, Hedge Fund Pulls The Levers Of Power
Link to article: After Big Bet, Hedge Fund Pulls the Levers of PowerAt a Midtown Manhattan steakhouse last June, William A. Ackman, the activist hedge fund manager who had bet a billion dollars on the collapse of the nutritional supplement company Herbalife,...
- Hedge Fund Mogul At Risk Of A Short Squeeze On Herbalife
Found via the Corner of Berkshire & Fairfax. Hedge fund titan Bill Ackman had an easy time vanquishing the sclerotic board of Canadian Pacific Railway last year. He’s now in an even more fascinating bare-knuckles fight, this time with Herbalife...
- Third Point’s Fourth Quarter 2012 Investor Letter
Found via Distressed Debt Investing. Link to: Third Point’s Fourth Quarter 2012 Investor Letter ……………… Related previous post: Activist Investor Dan Loeb Takes 8% Stake in Herbalife ...
- Pershing Square's Ackman Shorts Herbalife; Stock Skids
Ackman's presentation will also be streamed live at 9:30am today, HERE. (Reuters) - Activist investor William Ackman confirmed on Wednesday that he is betting against the stock of Herbalife Ltd (HLF.N) in a move that sent shares of the weight...
- Transcript Of David Einhorn's Questions On Herbalife Conference Call
Via Market Folly: Earlier today, David Einhorn of Greenlight Capital surfaced on Herbalife's (HLF) conference call. Below is a transcript of the questions the hedge fund manager asked and the company's responses. Herbalife is multi-level...