Hedge Fund Myriad Increased Herbalife Stake in Second Quarter
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Myriad Asset Management Ltd., the Hong Kong-based hedge fund led by a former Asia head of Highbridge Capital Management LLC, raised its stake in Herbalife Ltd. in the second quarter, according to a filing.
Myriad bought 17,200 Herbalife shares, boosting its total holdings by 36 percent, according to data compiled by Bloomberg from quarterly 13F filings with the U.S. Securities and Exchange Commission. Its stake in the nutrition company was valued at $4.2 million at the end of June.