Mr. Pink's Picks: selected event-driven value investments Message Board

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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: Bear Down who wrote (18765)	3/5/2013 8:41:51 AM
From: StockDung	of 18998

Herbalife not Loeb top five By MICHELLE CELARIER Last Updated: 1:12 AM, March 5, 2013 Posted: 12:40 AM, March 5, 2013 Hedgie Dan Loeb yesterday offered more evidence that he has exited his Herbalife position entirely. The mogul’s monthly report to investors, a copy of which was obtained by The Post, showed that Herbalife was no longer a top five position or a top winner in February — as was the case in January. Loeb recently boasted to his former pal Bill Ackman that he earned $50 million for investors on Herbalife, The Post reported exclusively last week. The sizable profit on his $270 million Herbalife position indicates he has closed out the position — although Loeb has not confirmed that. He is not required to report such a move. Loeb’s $11.6 billion Third Point gained 1.2 percent in February, for a 6 percent gain in 2013. Ackman’s Pershing Square was down 0.1 percent last month; it’s up 3.6 percent in 2013. Ackman’s $1 billion Herbalife short is 9 percent of his $12 billion firm. Read more: Herbalife not Loeb top five - NYPOST.com http://www.nypost.com/p/news/business/herbalife_not_loeb_top_five_dA1qpT3ik2UDj5Tt9HI8TP#ixzz2Mfkt3Tx7

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