But since early 2014, when Betting On Zero went into production, he's had no position in Herbalife. Fichthorn previously held a short position in Herbalife, and when asked on CNBC's Fast Money Halftime Report if he would consider shorting the stock again he said he 'absolutely' would. However, subsequent to the FTC formally charging Herbalife in July, 2016, John Fichthorn, co-founder of Dialectic Capital Management, revealed that he had financed Betting on Zero. Film financing Īt the time of its premiere at the Tribeca Film Festival in April 2016, the financing for Betting on Zero had not been publicly disclosed. The film was produced by Zipper Bros Films, the company that produced Undefeated, winner of the 2012 Academy Award for Best Documentary Feature. Instead, Braun sourced archival footage of these characters. In addition to filming countless hours of cinéma vérité footage tracking Bill Ackman, anti-Herbalife activist Julie Contreras and others, Director Ted Braun approached Herbalife CEO Michael Johnson, majority investor Carl Icahn, and current Herbalife distributors, but all declined to appear on film or on record. Johnson and investor Carl Icahn, and the resulting controversy over both the short and Herbalife's business practices. The film also chronicles Ackman's feuds with Herbalife CEO Michael O. The documentary follows billionaire hedge fund titan Bill Ackman and several former Herbalife distributors after Ackman takes a billion dollar short position in Herbalife, alleging it is a pyramid scheme destined to collapse.

It investigates the allegation that Herbalife is a pyramid scheme, and follows Bill Ackman's short investment in Herbalife, which is ostensibly a billion-dollar bet that the company will soon collapse.

Betting on Zero is a 2016 American documentary directed by Ted Braun.

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