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Hedge Fund Managers At Odds Over Herbalife

One of the hedge fund managers, William Ackman, claims that the company, Herbalife, is a house of cards — “the best-managed pyramid scheme in the history of the world” — and its stock is worth nothing. His rival and friend, Daniel S. Loeb, takes the opposite stance, arguing that Herbalife will not only survive, but thrive.

 

Read the whole story at New York Times »

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