Interesting Bloomberg article (Retiree With Sixth-Grade Education Says Herbalife Shakes Cost Him $30,000) below is the video commentary.
We’ve heard time and time again claims from Bill Ackman that Herbalife Ltd. (NYSE:HLF) is a pyramid scheme, while the company and Carl Ichan say those claims are without merit. In March, the FTC opened an investigation and the Illinois Attorney General has been looking into complaints filed by a group of 13 Latinos who claim they were duped out of their life’s savings and Herbalife is to blame. Bloomberg has been looking into those claims to get a sense of what investigators have cut out for them.
Yarra Square Partners returned 19.5% net in 2020, outperforming its benchmark, the S&P 500, which returned 18.4% throughout the year. According to a copy of the firm's fourth-quarter and full-year letter to investors, which ValueWalk has been able to review, 2020 was a year of two halves for the investment manager. Q1 2021 hedge fund Read More