Brendan McDermid/Reuters
- Pershing Square exited from its $ 1 billion short position on Herbalife.
- The firm’s Bill Ackman got into a public spat with famed investor Carl Icahn, who’s bullish on the stock.
- Icahn is now gloating for being right.
Billionaire investor Carl Icahn is reveling in his victory over Pershing Square’s Bill Ackman.
Five years ago, the two investors publicly butted heads over the future of supplement maker Herbalife. Icahn was long on Herbalife, whereas Ackman was short, predicting the stock would hit zero. But it didn’t. In fact, the stock is up more than 120% over the last five years. See the rest of the story at Business Insider
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