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August 1, 2014



"My bad" is how hedge- fund manager Bill Ackman summed up his presentation on nutritional supplements maker Herbalife last week. In an interview with Bloomberg News on Thursday, Ackman said: "People were looking for the dead body and the smoking gun, and instead, what they got was a three-hour detailed regulatory presentation." His firm, Pershing Square Capital Management, has a $1 billion bet against Herbalife shares, which rose 25% after what was supposed to be his "death blow" event.



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Source: USA Today


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