Richard Perry, a hedge fund manager whose firm Perry Capital LLC, has acquired a global nutrition and weight management company Herbalife International.
Hedge fund manager Richard Perry, who runs Perry Capital, has filed his third-quarter 13F with the Securities and Exchange Commission.
During the quarter ended September 30, Perry snapped up a position in Herbalife. Perry held 2,632,138 million shares in the quarter.
Perry also added to his FedEx position during the third-quarter, the filing shows. He held 4.2 million shares compared with 3.9 million shares in Q2.
Hedge funds only have to disclose their long equity holdings in 13F filings. These are also the long positions they held as of September 30, so they could have added to or reduced their positions since then.
Source: Business Insider
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After watching Herbalife’s stock more than double this year, the activist investor William A. Ackman announced he will restructure his $1 billion bet against the company to curb further losses.
Mr. Ackman said he wanted to mitigate his firm’s risks while still providing for big gains if Herbalife shares decline within the near future, as he expects.
“In recent weeks we have restructured the position by reducing our short equity position by more than 40% and replacing it with long-term derivatives, principally over-the-counter put options,” he wrote in the letter, dated Oct. 2.
Mr. Ackman, head of Pershing Square Capital Management LP, publicly alleged that Herbalife was a pyramid scheme last year and announced a $1 billion short bet against the company.
Although Herbalife, a nutritional-supplement maker, saw its shares dip after Mr. Ackman’s broadside, it has been one of the strongest gainers in the stock market this year. The Wall Street Journal reported last month that Mr. Ackman’s losses on the bet were more than $300 million. Source
Tags: Hedge Fund of Funds Business, Hedge Fund, Hedge Funds, Fund of Hedge Funds, Hedge Fund of Funds, Hedge Fund industry, Hedge Fund Group, Hedge Fund Market, Herbalife, William Ackman, Bill Ackman, The Wall Street Journal, WSJ.