Herbalife (HLF) Tells Ackman Investors: Get Out While You Can!
Get Alerts HLF Hot Sheet
Join SI Premium – FREE
Herbalife (NYSE: HLF) is looking to turn the tables on Pershing Square's Bill Ackman.
Bloomberg said today that Herbalife is approaching investors in Ackman's $12 billion Pershing Square hedge fund and telling them to exit their investment, much the way Ackman publicly disclosed his $1 billion short on Herbalife, urging those in the stock to sell.
Herbalife is telling the investors that Ackman's bet is
Herbalife is said to have met with Cliffwater LLC, which is a company that advises clients on hedge fund investments, while attempting to speak with New Jersey's pension fund administrators, which has $207 million invested with Ackman.
Since announcing his short last December, Ackman is down about $500 million on the wager.
Requests for comments were not returned by any aforementioned funds or companies.
Shares of Herbalife are up 1.4 percent Monday.
Bloomberg said today that Herbalife is approaching investors in Ackman's $12 billion Pershing Square hedge fund and telling them to exit their investment, much the way Ackman publicly disclosed his $1 billion short on Herbalife, urging those in the stock to sell.
Herbalife is telling the investors that Ackman's bet is
risky and irresponsible.
Herbalife is said to have met with Cliffwater LLC, which is a company that advises clients on hedge fund investments, while attempting to speak with New Jersey's pension fund administrators, which has $207 million invested with Ackman.
Since announcing his short last December, Ackman is down about $500 million on the wager.
Requests for comments were not returned by any aforementioned funds or companies.
Shares of Herbalife are up 1.4 percent Monday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- ByteDance Prefers TikTok Shutdown in US if Legal Options Fail - Reuters
- B. Riley Financial (RILY) touching day low of $27, giving back half the day's gains
- BofA says there is a continued strength in buybacks
Create E-mail Alert Related Categories
Hedge Funds, Insiders' Blog, Trader TalkRelated Entities
William Ackman, Pershing Square Capital, Hedge FundsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!