Hedge Fund Titans Carl Icahn and Bill Ackman Clash over Herbalife
|January 25th, 2013||
|Carl Icahn makes no secret about his disdain for Bill Ackman’s investment methodology, particularly as it applied to his big short position in Herbalife. As reported by Bloomberg, billionaire Carl Icahn, also known for his aggressive investment tactics, lashed out at Bill Ackman for his grandiose public disclosure of a 20 million share short strategy, which pitted his Pershing Square Capital Management against Daniel Loeb’s Third Point LLC’s 9 million share long position. |
This latest clash between the two hedge fund titans comes on the heels of an eight year dispute over $5 million that Bill Ackman claimed was owed to him by Carl Icahn over a deal involving Hallwood Realty Partners. In 2011 the court ruled in favor of Bill Ackman ordering Carl Icahn to pay up.
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