So much for the unwavering support of the board of directors and activist William Ackman.
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William Ackman has been the most talked about hedge fund manager in America in 2013.
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But Ackman is confident, despite having seen no returns on his investment thus far.
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Note: An earlier version of the story said that David Einhorn battled Bill Ackman over Herbalife.
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To illustrate the point, Ackman highlighted his recent successful proxy battle at Canadian Pacific Railway.
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One of the characteristics that made Penney attractive was its cheap stock, Ackman said.
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Without question, Ackman is zealously persistent to a fault, and I do mean to a fault.
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Back in December, you could not find anyone publicly disagreeing with Ackman on his Herbalife thesis.
Ackman, who has called Herbalife a pyramid scheme, expects the shares will actually hit 0.
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Ackman charges his investors an annual management fee of 1.5% and, importantly, a 20% performance fee.
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Kudos to Bill Ackman for coming forward with his short position in Herbalife (HLF) shares.
Ackman at least is putting his name and presumably some facts and logic on the line.
Hedge fund manager Bill Ackman hammered away at Herbalife in a three-hour presentation Thursday.
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Most of the recent attention drawn to Ackman has focused on his long stake in J.
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Pershing Square Capital Management, Ackman's hedge fund, owns a 7.8% stake in the discount retailer.
Vornado Realty, which invested alongside Ackman in 2010, was selling a sizable slug of its holdings.
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Other Burger King investors included financiers Martin Franklin and Nicolas Berggruen and activist investor William Ackman.
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As far as personal integrity, Ackman may not be a genius, but he can be terribly disingenuous.
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Ackman may end up being right about Herbalife, a company he says is operating a pyramid scheme.
Ackman went on CNBC in January to refute comments Icahn made about him on Bloomberg Television.
In their CNBC deathmatch, Icahn speculated that if somebody tenders for Herbalife Ackman could be in trouble.
Ackman likes to take a few big concentrated bets and one of them was rocked on Friday.
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Even if Ackman has obtained better pricing, the stock is already up substantially so far in 2013.
Ackman has been much in the news recently for his exhaustive Herbalife (HLF) presentation and short position.
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But for more than two years now Ackman has not lived up to his part of the bargain.
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Ackman says he was just trying to help show that his friend had a lifelong interest in baseball.
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Still, two years of underperforming the U.S. stock market means the pressure is on for Ackman this year.
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During that interview, Ackman nervously skirted a question as to his confidence in an FTC shutdown of Herbalife.
Ackman has gone incredibly public about his short position on Herbalife which he called a pyramid scheme.
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Herbalife remained in focus, as the trade continues to move against hedge fund manager Bill Ackman in 2013.
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