Ackman Says Herbalive Bet Carries Bigger Potential Gain
This article is for subscribers only.
Bill Ackman, the billionaire hedge fund manager who says Herbalife Ltd. is an illegal pyramid scheme, says he now stands to gain more from the nutrition company’s demise than when he started.
“We actually now have a much larger position notionally than we had initially,” Ackman said yesterday at the Harbor Investment Conference in New York. “If it were to disappear tomorrow, we’d make a lot more than had it just blown up the day after I gave my last presentation.”