Money and Finance
- 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,...
- 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...
- 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...
- The Einhorn Effect
Thanks to Andrew for passing this along. About 37 minutes into Herbalife Ltd.’s first-quarter conference call in May, the operator introduced hedge-fund manager David Einhorn. Listen to Mr. Einhorn’s back-and-forth with Herbalife president Des Walsh...
- 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
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 Ltd., the big U.S. direct marketer of weight loss products. Mr. Ackman claims the company is a pyramid scheme, and is shorting $1-billion (U.S.) worth of its stock.
We’re used to seeing larger-than-life market players like Mr. Ackman win against adversaries. It isn’t often that one of them steps on a banana peel, but at Herbalife, we might see a case of a famed hedge fund manager in a rare slip.
At this point, a profit on his massive Herbalife position is far from certain. The big risk: A dreaded and rare event on the stock market known as a short squeeze. For all of us in the cheap seats, the outcome will be fun to watch. The situation is already drawing in other well known hedge fund managers, such as Carl Icahn and Daniel Loeb, who would be delighted to burnish their own reputations at Mr. Ackman’s expense.
- 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,...
- 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...
- 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...
- The Einhorn Effect
Thanks to Andrew for passing this along. About 37 minutes into Herbalife Ltd.’s first-quarter conference call in May, the operator introduced hedge-fund manager David Einhorn. Listen to Mr. Einhorn’s back-and-forth with Herbalife president Des Walsh...
- 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...