Hedge Fund hot shots take a fighting to the next level – therealcarlicahn.com and therealdanielloeb.com pop up online.
First, hedge fund hot shots Bill Ackman, Carl Icahn and Daniel Loeb tussled publicly over whether Herbalife Ltd. (HLF) is a pyramid scheme. Now their names are popping up online in ominous-sounding domain names, including “therealcarlicahn.com” and “therealdanielloeb.com.”
While Herbalife registered several domain names referencing Ackman after he accused the nutrition company of running a pyramid scheme, it’s unclear who or what entity is behind the ones referencing Icahn and Loeb. They were privately registered through Register.com and currently don’t lead to any actual websites.
Billionaire Carl Icahn talks about the performance of Netflix Inc. and CVR Energy Inc., and hedge-fund manager William Ackman’s $1 billion bet that shares of Herbalife Ltd. would decline.
Icahn has criticized Ackman for shorting more than 20 million Herbalife shares, and Loeb’s funds disclosed a large position after Ackman, founder of New York hedge fund Pershing Square Capital Management LP, went public with his bet. Earlier this month, Herbalife registered more than 10 domain names that reference Ackman, including “therealbillackman.com,” according to www.domainsearch.com.
Then Loeb and Icahn domain names popped up “therealcarlicahn.com” and “therealdanielloeb.com.”
Bill Ackman and Pershing had nothing to do with the domain registrations, said a company spokesman.
Bill Ackman, founder of New York hedge fund Pershing Square Capital Management LP, took issue with the domain names Herbalife registered using his name.
“What legitimate company would do something like that,” he said in a telephone interview. “The spotlight is on Herbalife and they are doing everything they can do to turn it away.”
Bill Ackman made his own website: factsaboutherbalife.com.
This month, Herbalife held an investor meeting to defend its direct-selling model and said Ackman had grossly mischaracterized its business.
The debate over Herbalife sparked a public dispute between Ackman and Icahn last week when they sparred on CNBC about the company and past dealings with each other. Icahn later said on Bloomberg Television he didn’t “like” or “respect” Ackman.
Ackman’s shorting of Herbalife was countered by fellow hedge-fund manager Loeb. On Jan. 9, three weeks after Ackman disclosed his bet against Herbalife, Loeb’s Third Point LLC disclosed that its hedge funds held 8.9 million shares of Herbalife at year-end.
Hedgie Herbalife Battle Turns into Web Domain Fight – Icahn, Loeb and Ackman
Hedge fund titans Dan Loeb and Bill Ackman have taken opposite positions on Herbalife. Two hedge fund managers both known for their smack talk and stirring up scandals are going against each-other. Dan Loeb and Bill Ackman have taken opposite positions on Herbalife – both have their supporting arguments….
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