Friday’s 13G filing by Dan Loeb’s Third Point LLC reveals that the activist investor no longer has a holding in Herbalife Ltd. (NYSE:HLF).
![Dan Loeb Makes It Official: Out of Herbalife Ltd. (HLF) Dan Loeb Makes It Official: Out of Herbalife Ltd. (HLF)](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%200%200'%3E%3C/svg%3E)
The filing puts the seal on what has been known for a while.
Loeb’s valuation
Dan Loeb took the opposite side from Bill Ackman’s massive $1B short on Herbalife Ltd. (NYSE:HLF). Ackman has been asserting that the multi-level marketing company is nothing but a pyramid scheme, and that its real value is likely zero.
Loeb...
This content is exclusively for paying members of Hedge Fund Alpha
Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha
Don’t have an account?
Subscribe now and get 7 days free!
This article is only available for Premium Members
Subscribe today and get :
Insider Strategies and Letters to Shareholders from the Top Hedge Funds
Exclusive Access to coverage of Private, Closed-Door Investor Conferences
Hedge Fund Manager Research Currently Producing 21% – 40% Returns Annually
Don’t have an account?
Subscribe now and get 7 days free!