William Stiritz Discloses 5 Percent Stake in Herbalife

William Stiritz has taken a 5 percent stake in Herbalife Ltd. (NYSE:HLF) according to a 13G filing the fund manager made with the SEC earlier today. Stiritz is a Private Equity investor at the head of Post Holdings LLC. Shares in the company have begun to shoot up since Stiritz' involvement was disclosed.

Earlier today, shares in Herbalife Ltd. (NYSE:HLF) were crashing as the media renewed its interest in the company's pyramid structure, and brought to light the academic work behind Bill Ackman's bet against the company. Stock dropped to less than $58...