{"id":56870,"date":"2017-03-02T07:50:26","date_gmt":"2017-03-02T12:50:26","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=56870"},"modified":"2017-03-02T07:50:26","modified_gmt":"2017-03-02T12:50:26","slug":"for-better-and-worse-ackmans-still-betting-against-herbalife","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2017\/for-better-and-worse-ackmans-still-betting-against-herbalife.html","title":{"rendered":"For Better and Worse, Ackman&#8217;s Still Betting Against Herbalife"},"content":{"rendered":"<p>(Bloomberg) Last summer, shortly after Herbalife agreed to settle allegations of deceptive practices by paying $200 million and agreeing to overhaul its business model, Bill Ackman sent me a link to the settlement with a short note. &#8220;Please give this a read,&#8221; he wrote.<\/p>\n<p>For better or worse, Ackman is the most swashbuckling hedge fund manager of our age. Back in 2012, he placed an audacious billion-dollar bet against Herbalife, loudly proclaiming it to be an illegal pyramid scheme rather than a legal \u201cmultilevel marketing\u201d company. I thought then, and think now, that his argument was sound. But I doubted that he would win because his endgame required the U.S. Federal Trade Commission to put Herbalife out of business. And the FTC hadn&#8217;t even investigated &#8212; much less put the screws to &#8212; a major multilevel marketing company in over 35 years.<\/p>\n<p>To read the entire article, <a href=\"https:\/\/www.bloomberg.com\/view\/articles\/2017-03-01\/for-better-and-worse-ackman-s-still-betting-against-herbalife\">click here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) Last summer, shortly after Herbalife agreed to settle allegations of deceptive practices by paying $200 million and agreeing to overhaul its business model, Bill Ackman sent me a link to the settlement with a short note. &#8220;Please give this [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-56870","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/56870","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=56870"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/56870\/revisions"}],"predecessor-version":[{"id":56871,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/56870\/revisions\/56871"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=56870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=56870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=56870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}