The film Betting on Zero, a documentary to be released in select theaters Friday, speaks on several levels. The primary plot line tells the story of an economically and informationally disadvantaged segment of society, eager to get their piece of the “American dream,” who buy into a pyramid scheme that robs them of their life savings. But there is also the hedge fund angle. To those familiar with how things really work, Pershing Square Capital, the hedge fund that bet on Herbalife to go to zero, spent more than $50 million in investigative, promote and otherwise support the active downfall…
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- Betting on Zero: When he established his short, would Ackman consider the US government fining Herbalife $200 million and demanding they reform their business practices a success?
- Betting on Zero mainstream story line: Disadvantaged people are sold a dream that is practically unattainable
- Hedge fund plot line: Never before in history has an activist spent so much money to orchestrate the downfall of a major US corporation
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