The Obscure Hedge Fund Betting Huge on Herbalife

Deccan Value sunk 40 percent of its portfolio in the controversial diet-shake seller, becoming the third-biggest investor.

Patrick T. Fallon/Bloomberg

Patrick T. Fallon/Bloomberg

Multilevel marketer Herbalife has lost its sizzle. The stock has sunk about 25 percent over the past year and is no longer the hedge fund battleground breathlessly covered on CNBC every other day.

But one obscure firm is just about betting the farm on the controversial diet-shake seller.


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