Tue, Mar 31, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Update: Herbalife responds to hedge fund fight

Friday, January 11, 2013

Bailey McCann, Opalesque New York: As Opalesque reported yesterday, Herbalife, a supplement company supported by independent distributors which has recently been called a pyramid scheme by Pershing Square Capital founder Bill Ackman. Today, the company responded to his attacks. Herbalife held a meeting at the Four Seasons Hotel in Manhattan, with investors and analysts to discuss both Ackman's highly public short and Daniel Loeb's equally public investment.

The New York Times DealBook blog offered a live blog of the meeting this morning. According to that account, Herbalife COO, Richard Goudis, said that Ackman's presentation was intentionally misleading.

The meeting lasted 2.5 hours, and covered a range of topics. Firm principals covered the R&D behind Herbalife's products, actual prices per unit relative to the rest of the market for supplement products, and an academic presentation from Anne Coughlan, a professor at Northwestern’s Kellogg School of Management on multilevel marketing structures like Herbalife uses.

Shortly after the presentation, Ackman responded publicly saying that the company had distorted and "......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Private credit comes into focus for investors[more]

    Bailey McCann, Opalesque New York: As investors look for a way out of the low yield/no yield environment, private credit is becoming an increasingly attractive asset class, according to a white paper from Bayshore Capital Advisors. Private credit has grown steadily since the financial crisis as

  3. M&A - Hedge funds no longer attractive targets for banks, reinsurers, Blackstone buys stake in Christopher Pucillo’s Solus event-driven hedge fund[more]

    Hedge funds no longer attractive targets for banks, reinsurers From Institutionalinvestor.com: Swiss RE, the world’s second-largest reinsurer, is looking to sell its 15 percent stake in Jersey, Channel Islands–based hedge fund firm Brevan Howard Asset Management. Morgan Stanley reported

  4. Opalesque Radio: Threadneedle expects continuing equity volatility this year[more]

    Benedicte Gravrand, Opalesque Geneva: Investors should expect more volatility, which is signaling a "slow moving" top to the market, KKM Financial’s founder and CEO Jeff Kilburg told CNBC on Monday. And this volatility is going

  5. Hedge funds show strong performance of 2.52% so far in 2015[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry got off to a strong start in 2015 "completely unmindful" of the poor performance last year, according to data provider Preqin. According to Preqin, following a year which saw the average he

 

banner