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Bill Ackman’s bets on Valeant, Herbalife headed in the wrong direction

Bloomberg
William Ackman may not be too happy about his bets on Valeant, Herbalife since March

William Ackman’s big bullish bet on Valeant Pharmaceuticals International Inc., and his bearish bet on Herbalife Ltd., are going in the wrong direction.

Valeant’s stock VRX, -4.75% slumped $8.42, or 4.8%, Thursday, after the company said late Wednesday it had been subpoenaed by federal prosecutors seeking information related to how it priced and distributed its...


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