Ackman says lost up to $500 mln on Herbalife short bet: BBG TV

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Bill Ackman, head of hedge fund firm Pershing Square, said Friday that his firm has lost $400 million to $500 million on his short bet against weight-loss company Herbalife. Ackman, who revealed his bet against the company nearly a year ago, also told Bloomberg Television that his firm does not support Bruce Berkowitz of Fairholme's plans for mortgage financiers Fannie Mae and Freddie Mac ...

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