1. Ackman Tries Safer Herbalife Mix

    Ackman Tries Safer Herbalife Mix

    Bill Ackman is moving to safer ground.  The investor titan converted 40 percent of his $1 billion equity short on Herbalife to less-risky long-term put options, according to a letter his Pershing Square hedge fund sent late Wednesday to investors, The Post has learned...

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    1. The restructuring of the position preserves our opportunity for profit.
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