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FBI Probes Herbalife

The FBI is probing Herbalife Ltd, the nutrition and weight loss company that hedge fund manager William Ackman has called a pyramid scheme, sources familiar with the investigation said on Friday. 23 more words

Business

At last, a break for Bill Ackman on his Herbalife bet

Billionaire hedge fund manager Bill Ackman has staged a two-year war against Herbalife, betting that authorities in the US and other countries like China would ultimately determine the health-products retailer to be an illegal pyramid scheme. 363 more words

Ackman, Herbalife, Washington

Pershing Square’s short has been a losing trade so far. Given the large size of the short position, traders on the other side have driven the stock price up by… 83 more words

Business