Herbalife Ltd. (NYSE:HLF) stock was up slightly this afternoon as the verbal tussle continues between Bill Ackman and Carl Icahn.
Ackman is famously shorting Herbalife, a company he has publicly called a pyramid scheme. A heated, and rather playground, exchange between the two fund managers has broken out in recent days. NOTE: Ackman was just on CNBC, Carl Icahn called in to fight with Ackman live, we will have the full details up shortly.
Maverick USA was down 3.3% for the second quarter, while Maverick Levered was down 2.1%. Maverick Long Enhanced was up 8%. Year to date, Maverick USA is up 31.8%, while Maverick Levered has gained 49.3%. Maverick Long Enhanced has returned 9.9% for the first six months of the year. Maverick Capital is a long/ short Read More
Yesterday Bill Ackman said that some time ago Carl Icahn asked if he could be his friend. Ackman’s asserted response was that “I told him I had no interest in being his friend.”
Icahn, who you might imagine has better things to do, responded to that comment in a press release today.
The response, which is at times reminiscent of the film “Mean Girls,” states, “To get the record straight, I never asked Ackman to be my friend.”
On the contrary, according to Icahn, “Ackman has stated to me on more than one occasion that it’s a shame we are not friends.”
That’s not the only dig delivered by Icahn in the missive. “Bill Ackman has recently stated ‘Carl Icahn is a great investor.’ I thank him but unfortunately I cannot return the compliment,” the release stated. That slight is unlikely to go unnoticed by Ackman, who will appear on CNBC this afternoon.
Carl Icahn holds a long position in Herbalife Ltd. (NYSE:HLF) , but that position has not become large enough to require SEC disclosure. Herbalife Ltd. (NYSE:HLF) stock has regained most of the value it lost since Ackman initiated his short position. Stock in the company has gained almost 70% in the last month, and is down just 12% from 3 months ago.