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The fund got hit hard by its short position in nutritionalsupplements company Herbalife Ltd, which saw its shareprice rise more than 40 percent last month. Ackman's fund hasinvested $1 billion on a bearish bet that Herbalife will beunmasked by regulators as a pyramid scheme.
The fund got hit hard by its short position in nutritionalsupplements company Herbalife Ltd, which saw its shareprice rise more than 40 percent last month. Ackman's fund hasinvested $1 billion on a bearish bet that Herbalife will beunmasked by regulators as a pyramid scheme.