The bloodbath in hedge fund hotel SunEdison continues but judging by the massive volumes this is those same funds liquidating en masse (following Dan Loeb's exit)... Down 57% in the last week alone... SUNE is back at levels where it cliff-dived in 2012...
Billionaire Daniel Loeb (Trades, Portfolio) founded the hedge fund Third Point in 1995, which manages about $17 billion. Loeb is an activist investor and Third Point follows an event-driven, value-oriented investment style. During the third quarter, Loeb added four new holdings to the portfolio, while closing out 17 other positions.The Kraft Heinz Co. (NASDAQ:KHC)Loeb’s largest [...]
Dan Loeb’s Third Point expanded its stake in Baxter International (BAX) nearly 10 fold during the third quarter, making it the hedge fund’s single largest position, according to a quarterly 13-F filing posted on Friday. As of Sept. 30, Third Point held more than 53.8 million shares of Baxter worth $1.7 billion. The hedge fund initially […]
Third Point Capital's Dan Loeb is more bearish than bullish these these days. Here's from a transcript of Loeb's post-earnings conference call for Third Point Reinsurance (TPRE), a U.S.-listed entity with an investment portfolio managed by Third Point: "We now have more single-name equity short positions than longs in the portfolio." ... READ MORE
Activist investor Daniel Loeb, the founder of Third Point LLC, is out of the red. Third Point is up 0% through October 31, according to a performance update seen by Business Insider. During October, Third Point gained 4.7%. The S&P 500 is up 2.7% year-to-date after rising 8.4% in October. Loeb had gone into August up 5.7% for the year. Show More Summary
Activist investor Daniel Loeb, the founder of Third Point LLC, laid out five fears that have "overwhelmed" the market in his third-quarter investor letter. "A weakening China, where the new question is not whether but how severe the slowdown of the world’s foremost growth machine will be. Show More Summary
Another top fund manager got crushed in the month of August. Daniel Loeb's Third Point Offshore Fund, which employs an event-driv en and value investing strategy, erased nearly all of its gains for the year. In a volatile month, the fund fell 5.2% and is now up just 0.1%, according to a performance update. Show More Summary
Last night we heard the best 'excuse' yet if you are caught with an Ashley Madison account, from Dan Loeb - "due diligence." Today, not to be outdone by a married hedge fund manager, Vice-President Joe Biden's son "Hunter" has unleashed...Show More Summary
... comes from Dan Loeb of Third Point, who as Gawker points out admits to being a member of the hacked cheating website: due diligence. To wit: “As my family, friends and business colleagues know, I am a prolific web surfer. Did I visit...Show More Summary
Billionaire hedge fund manager Dan Loeb had an account on cheating website Ashley Madison. Gawker reported the account Thursday, citing account data released by hackers. The Third Point CEO confirmed to Gawker via a spokesman that the account was his. Show More Summary
Your first mistake was being downright friendly, ya fraud.