Tags: Bill Ackman, Carl Icahn, Dan Loeb, enemas, good intentions, hedge fund managers, Herbalife, Pershing Square, the doctor will see you now, Third Point
Earlier today, a person, if a person were so inclined, could hop on his or her Bloomberg terminal, start a message to hedge fund manager Dan Loeb, and be greeted with a header that proclaimed “New HLF Product: The Herbalife Enema, Administered by Uncle Carl.” This line was an obvious reference to the figurative enema Pershing Square chief Bill Ackman has undergone at hands of the shake and supplement company and fellow money manger, Carl Icahn. After a flurry of articles pointing out Loeb’s anus-themed diss, the Third Point manager’s header was changed to “Always take the high road.” While one might quick to assume this meant Loeb had had a change of heart re: his previous statement, and had felt it’d been a less than diplomatic thing to say, doing so would make an ass of you and me.
It seems more likely that Loeb does not feel guilty in the slightest re: referencing the cleaning of a competitor’s colon, and that “high road” involves snatching up every box of the new HLF product he can get his hands on and offering it to anyone in need for the discounted price of on the house. As a man with a following, he’s using his standing in the community to encourage you all to do the same.
Dan Loeb Has A Special Message For Bill Ackman [ZeroHedge]
Hedge Fund Drama, Appearing on Your Screen [Dealbook]