August 20, 2017

Hedge Fund Titans Bill Ackman vs. Daniel Loeb, Round 2

Ingemar Johansson and Floyd Pattersson 1959

Call it Hedge Fund Titans Bill Ackman vs. Daniel Loeb, Round 2. The two managers are squaring off publicly over a stock, Herbalife (HLF). Juliet Chung at The Wall Street Journal explains the feud. Mr. Loeb’s hedge fund disclosed Wednesday it owns an 8.2% stake now valued at $350 million in nutrition-supplements company Herbalife Ltd. […]