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JUL 23, 2014 - TheStreet

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Bill Ackman’s 2014 Gains May Give Time to Herbalife Short

NEW YORK (TheStreet) -- Bill Ackman said on Tuesday many nutrition club trainees aren't willing to speak out against Herbalife because they were looking to recover thousands of dollars sunk in the company, even though they were lured into what Ackman describes as a sophisticated pyramid scheme. In six months, the hedge funder may find himself in a similar position, unwilling to exit his bet against Herbalife in hope of an eventual payoff. On Tuesday, Ackman reiterated that when his hedge fund's put options in Herbalife come up against a Jan. 17, 2015 expiry, he will do what is in the ... Read More

Tags: Bill Ackman’s 2014 Gains May Give Time to Herbalife Short,  Loeb Latest News