Icahn takes large Herbalife stake


Carl Icahn has entered the hedge fund fray over Herbalife. He has thrown his lots with those who believe the company is legitimate, opposing his nemesis Bill Ackman. He has taken a large short position on Herbalife, betting that government investigators soon conclude that the company is a giant fraud. The Icahn vs. Ackman controversy is tinged with personal acrimony, as the two have had a long-running feud that spills out often into the media. Article