Herbalife (HLF +2%) is finding some big-name defenders in the institutional arena to debunk Bill...

|About: Herbalife Ltd. (HLF)|By:, SA News Editor

Herbalife (HLF +2%) is finding some big-name defenders in the institutional arena to debunk Bill Ackman's recent diatribe. Yesterday Chapman Capital's Robert Chapman said that Ackman is going to lose his fight against the company, and he's made HLF his biggest long position. Earlier today Australian hedge fund manager - and traditional short seller - John Hempton joined in, saying that he's also gone long the stock. Hempton contends that HLF may be scumbags, but "they're scumbags who make money ... If you short them, you're going to get run over." (Video)