In a sign of the times, Herbalife Ltd. (NYSE:HLF) is defending itself from fraud charges by pulling together an “all star” lineup of Hispanic lobbyists to combat the lobbying efforts of activist investor Bill Ackman. Public battle to talk down a company As previously reported in ValueWalk, Ackman, head of hedge fund Pershing Square Capital which has a $1.1 billion bet against Herbalife Ltd. (NYSE:HLF), has engaged in a rather public battle to talk the price of the stock down. He has compared Herbalife to a pyramid scheme because distributors recruit distributors who recruit distributors, creating an ever-lasting commission trail. Ackman has…
Herbalife Ltd. (HLF) In Lobbying Frenzy, Works On 'All Star Line-Up'
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
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