Business Insider -
14 Jan 2013 17:51

Shares of Herbalife are soaring today. The multi-level marketing company that sells nutrition products is up more than 8%. Herbalife is the stock hedge fund fund titan Bill Ackman has been shorting. Ackman, who runs Pershing Square Capital Management, is short more than 20 million shares of HLF. He believes the company is a "pyramid scheme" and has a price target of zero. Not everyone agrees with Ackman, though. A number of hedge fund managers, most notably Daniel Loeb of Third Point LLC, have g...
Share this Article
Comment on this Article
Please to comment