Ackman Critic John Hempton Admits Bad Call On Herbalife Ltd.

John Hempton of Bronte Capital Management recent admitted that Herbalife Ltd. (NYSE:HLF) stock has reacted ‘very badly’ thanks to recent regulatory news.

In his March 2014 investor letter, John Hempton noted the stock’s fall cost his fund a ‘few percent’ of its portfolio last month.

Wallowing in self-pity

Michelle Celarier of the New York Post, citing sources familiar with the hedgie, points out that John Hempton has been wallowing in self-pity. He reportedly feels humiliated by Ackman’s recent successes given that Hempton spent last year adamantly...