Bill Ackman’s 2016 just keeps getting worse. With shares of Ackman’s most notorious long Valeant Pharmaceuticals Intl Inc VRX 0.17%already down 77.4 percent this year, Ackman short Herbalife Ltd. HLF 0.31% is spiking 18.1 percent on Friday following a $200 million settlement with the FTC. Shares are now up more than 30 percent on the year.
The media loves to cover the drama between long-term high-profile Herbalife bull Carl Icahn and Ackman, who made a $1 billion short bet on Herbalife back in 2012 starting at around $47 per share. As of Friday morning, the stock was trading at around $70 per share.
Both Ackman and Icahn’s positions in Herbalife are presumably still open, but they aren’t the only two big-name activist investors to be involved with Herbalife over the years.
Back in 2013, billionaire Dan Loeb bought Herbalife at around $28 per share before selling the stock just weeks later at $44. Loeb said his quick Herbalife trade in opposition to Ackman was “not personal.”
While Ackman’s long-term bet against Herbalife has gone sour, David Einhorn was able to take timely profits on his short position back in 2012. In his annual meeting with investors, Einhorn was…
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