Herbalife (HLF) Tells Ackman Investors: Get Out While You Can!

Herbalife (NYSE: HLF) is looking to turn the tables on Pershing Square's Bill Ackman.

Bloomberg said today that Herbalife is approaching investors in Ackman's $12 billion Pershing Square hedge fund and telling them to exit their investment, much the way Ackman publicly disclosed his $1 billion short on Herbalife, urging those in the stock to sell.

Herbalife is telling the investors that Ackman's bet is risky and irresponsible.

Herbalife is said to have met with Cliffwater LLC, which is a company that advises clients on hedge fund investments, while attempting to speak with New Jersey's pension fund administrators, which has $207 million invested with Ackman.

Since announcing his short last December, Ackman is down about $500 million on the wager.

Requests for comments were not returned by any aforementioned funds or companies.

Shares of Herbalife are up 1.4 percent Monday.

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