Pershing Says Herbalife Bet Is Firm’s Biggest Loser

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Feb. 20 (Bloomberg) –- Bloomberg’s Olivia Sterns reports on Pershing Square Capital Managements presentation that says the firms bet against the shares of Herbalife has become the biggest loser for the firm. She speaks on Bloomberg Television’s “Street Smart.” (Source: Bloomberg)

The hedge fund run by a billionaire activist, bill ackerman.

Bloomberg news attained a copy of the presentation in which version square admits it is the biggest losing position the firm ever had since it started in 2004. about $12 billion under management.

Lastly, about $500 million were lost but they're sticking to their guns.

He says we now have a much larger position than we had initially.

Sticking to his guns.

Zero analysts have a fell on the stock.

75% of analysts still have a by and 25% still have a poll.

-- a whole.

All right.

Sticking to it.

Here is an activist who sticks to his guns.

Bill ackerman is an ackerman -- is an activist shareholder who traced to the mass.

Go ahead.

Class you have blackrock, the biggest asset manager in the world, talking to these companies behind closed doors.

I am trying to step in with the support of a lot of shareholders, saying, make sure they get more efficient and pay for performance and restructure these companies that have been underperforming for two decades.

Let's turn to something else in the news these days.

This text has been automatically generated. It may not be 100% accurate.

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