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William Ackman Precy Dumlao, Opalesque Asia:

William Ackman, founder of $12bn activist hedge fund Pershing Square Capital, is taking his fight over Herbalife to a new level. On Monday, Ackman filed a regulatory complaint before the Securities and Exchange Commission (SEC) against billionaire investor George Soros for allegedly violating insider trading law when he purchased large positions in Herbalife, various media reported.

Last week, Soros took a large long position in Herbalife (HLF), that infuriated Ackman who lost money this year shorting the firm.

According to CNBC Ackman accused Soros of alerting other hedge funds about his big investment in the nutritional supplement maker.

Persing Square has had an uncovered $1bn (around 20 million shares) bet against Herbalife since last December, and Herbalife’s share price has gone up by 60% since, says CNBC. HLF's share price is around $66.67. Ackman initially labeled Herbalife a pyramid scheme in a three-hour long presentation. Herbalife denied the accusation.

CNBC also reported that Soros' long position in Herbalife counts as one of his top three holdings. Shares of Herbalife rose by more than 8% following the first report of Soros' stake.

Ackman allege......................

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