Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

News Archive

Read More Industry News >

HF Manager Whitney Tilson Shorts Herbalife

Dec 26, 2012
Jing Chen

Another hedge fund manager is joining Bill Ackman in shorting Herbalife.

Financial news outlet Value Walk reported that Whitney Tilson, the co-founder of T2 Partners, disclosed in a mass e-mail Wednesday that he is shorting the weight management company “a tiny smudge.” The hedge fund manager also called Ackman’s analysis of Herbalife the “most remarkable piece of investment analysis [he has] ever seen.”

eVestment reported last week that Ackman, the founder and CEO of New York-based Pershing Square Capital Management, called Herbalife a “pyramid scheme” in a presentation before an audience of 500, and criticized the company for inflating the suggested retail price of its products and overstating its retail sales in public filings. Herbalife’s shares have declined 40% within four trading days after Ackman’s disclosure.

Tilson launched T2 Partners with Glenn Tongue in 2004. The two announced their split to investors in June after a fund they managed lost 25% of its value.


Read More Industry News >


Want to subscribe?

Join 15,000+ of your colleagues to receive daily hedge fund news from the definitive source in traditional and hedge fund data.

Subscribe Now


Hedge Fund Journal Reviews eVestment's Hedge Fund Database

July, 2012

Read More