Hedge fund manager Daniel Loeb has sold part of his long
position in the nutrition company Herbalife, a source told CNBC. Loeb, who runs Third Point, started selling a
few weeks ago and has continued to trade around the position, the source said,
including this past Friday when shares surged.
Third Point maintains a position in Herbalife, the source
said.
Loeb's initial investment placed him squarely against
another hedge fund titan, William Ackman, whose billion dollar short bet and
fiery battle with Carl Icahn has been the talk of Wall Street ever since the
two men brawled on CNBC's "Halftime Report" on Jan. 25…
Read all about it at : http://www.cnbc.com/id/100466047#ixzz2LC7wPGkv
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