Will Trump Administration Destroy Ackman's Herbalife Short?

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Mark Melin
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Updated on
Bill Ackman

Will 2017 be the year William Ackman’s Perching Square Capital finds near term performance mean reversion? The $11.6 billion activist hedge fund, dragging near the bottom of HSBC’s Hedge Weekly performance listing the previous two years, started 2017 with some good news on his Herbalife short exposure. The stock the fund famously loves to hate, shorted in May of 2012 near $48 per share, has finally moved lower to near break even as government regulators force it to pay its distributors. But will the Trump administration, with top adviser Carl Icahn significantly long Herbalife, be a disaster for Ackman’s short…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

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