Perhaps it's just opportunistic, but hedge fund Kingdon Capital capitalizes on January's...
Feb 19 2013, 13:01 ET
Perhaps it's just opportunistic, but hedge fund Kingdon Capital capitalizes on January's weakness in Herbalife (HLF +1.7%) to take a new, albeit small - with the emphasis on small here - position in the embattled stock. Other players, however, have already pulled some money out of the game after the stock rebounded strong throughout last month. Dan Loeb's Third Point, who took a position soon following Bill Ackman's short announcement, has sold off some of his position, while Chapman Capital has closed out its long position entirely.