Ackman To Release New Info. On Herbalife

Nov 1 2013 | 1:29pm ET

Just under a year after launching his attack on nutritional supplements company Herbalife, Pershing Square Capital Management's William Ackman will go back on the offensive after a difficult few months.

Ackman plans to make his second major presentation about the company at the Robin Hood Investment Conference later this month. In December, Ackman threw down the gauntlet at Herbalife, calling it a pyramid scheme and predicting it would be shuttered by federal regulators.

Herbalife and several hedge fund nemeses of Ackman's, notably Carl Icahn and Third Point's Daniel Loeb, took up the challenge, and have had by far the better of the battle so far. While Ackman posted gains early in his Herbalife bet, the company's stock price has nearly doubled this year, and Ackman restructured his $1 billion short bet against the company in September to cut risk. Pershing Square currently has a $500 million paper loss on its Herbalife investment.

But Ackman hasn't given up on Herbalife, reiterating in a speech this week at Oxford University his conviction that the company will collapse. Now, according to CNBC, he'll offer new information about Herbalife at the Robin Hood conference.

That new information was gleaned from conversations with several former Herbalife employees, CNBC reports.


In Depth

Whisky Business: The Ultimate Liquid Alternative Investment

Sep 15 2014 | 7:02am ET

David Robertson knows his single-malt whisky—he was the Master Distiller at the...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

The Cult of Loss Aversion: A Call to Rethink Risk in Global Macro Investing

Sep 4 2014 | 5:45am ET

In the wake of a traumatic loss, whether it is financial or personal, it is just...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

July/August 2014 Cover

In search of the ‘new normal’ at the Fed

The Federal Reserve keeps baby-stepping toward a “normalization” of monetary policy. But just what is normal?

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.