Fri, Feb 27, 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. Opalesque Exclusive: Very small CTA averages 6.90% per month since April’14 inception[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: There aren’t many one-man shops around in the hedge fund world but we talked to one. Andrew S. Peskin, who is ba

  2. Investing - Top U.S. hedge funds cut Apple stakes ahead of all-time high, John Paulson holds gold ETF in Q4 but cuts back on some miners, Hedge funds exited tumbling oil company shares late last year, Some top investors exit Herbalife, Soros added shares in fourth quarter, Moore Capital boosts U.S. financial holdings, reduces China bets[more]

    Top U.S. hedge funds cut Apple stakes ahead of all-time high From Reuters.com: Top U.S. hedge fund management firms, including David Einhorn's Greenlight Capital and Philippe Laffont's Coatue Management, reduced their stakes in Apple Inc during the fourth quarter, ahead of the iPhone mak

  3. Opalesque Exclusive: Skënderbeg launches four single-manager funds with Your Wealth AG[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Skënderbeg Funds AGmvK, an investment fund for qualified investors under Liechtenstein law (umbrella fund),

  4. Opalesque Roundtable: Many Swiss investors are questioning the value proposition of hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva: There is a well-known transition among investors in hedge funds between high-net-worth individuals and institutional investors, Ian Hamilton, head of the IDS Group, said during the recent

  5. UCITS HFS Index starts year on positive note with 1.09% gains in January[more]

    Komfie Manalo, Opalesque Asia: The UCITS HFS Index started the year on a positive note gains of 1.09% in January after finishing 2014 with a modest performance of 1.62%. Index provider 2n20 said th