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KM Financial Solutions | UPDATE 3-Ackman exits years-long Herbalife short bet, turns to options
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UPDATE 3-Ackman exits years-long Herbalife short bet, turns to options

31 Oct UPDATE 3-Ackman exits years-long Herbalife short bet, turns to options

Posted at 15:55h in News by
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Nov 1 (Reuters) – Activist investor William Ackman, who
placed a $1 billion bet in 2012 that Herbalife Ltd’s
stock price would tumble to zero, said on Wednesday his firm has
capped losses by recently closing out its short position in the
nutrition and supplements company.

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