WASHINGTON -- Billionaire activist investors are joining forces to raid Congress for more power. According to a Wall Street Journal report, hedge fund operators Paul Singer, Carl Icahn, Bill Ackman, Barry Rosenstein and Dan Loeb formed a lobbying trade group called the Council for Investor Rights and Corporate Accountability, or CIRCA. Show More Summary
U.S. investigating Citadel, KCG; ; BofA says U.S. stocks headed straight to hell; The Dan Loeb of Japan; Kid finds Mayan settlement while messing around on Google Maps; and more.
Hedge funds have been taking a hammering. Third Point's Dan Loeb described the start of this year as the "one of the most catastrophic periods of hedge fund performance" i n his first quarter letter. But there is opportunity amid the...Show More Summary
Third Point, founded by Dan Loeb, said hedge funds are in the first stage of a "washout" after "catastrophic" performance this year. The $2.9 trillion hedge fund industry had the worst start to a year in returns and outflows in at least seven years. Show More Summary
Hedge funds are having a major comeuppance. Couldn't happen to a nicer bunch.
The Third Point founder's lost a lot of good friends to this market.
It's been a rough several months for hedge fund investors. And Third Point's Dan Loeb thinks this period has been the toughest since Third Point opened up shop in December 1996. At the top of his latest letter to investors released on...Show More Summary
Forget the Bank of Japan’s negative interest rate blunder, or the government’s muddled fiscal policies. Prime Minister Shinzo Abe’s corporate-governance reforms hold the most promise. The pushy investor’s fight with the operator of Seven-Eleven convenience stores offers a useful glimpse.
The CEO of 7-Eleven will have to stand in for George Clooney in Loeb's revenge fantasy.
Seven & i Holdings plans to discuss leadership succession this week. ||| Tokyo - Seven & i Holdings plans to discuss leadership succession this week, days after billionaire activist investor Dan Loeb warned Japan’s largest retailer against creating a family dynasty, according to people with knowledge of the matter. Show More Summary
Links to the best reading in funds investing: Check out closed-end funds that track portfolios of Bill Ackman and Dan Loeb for a rebound play — Andrew Bary, Barron’s A ton of money has been flowing into the VIX-tracking exchange-traded funds and notes – Chris Dieterich, Barron’s A close look at LPL Financial’s rocky recent growth (LPLA) […]
Dan Loeb warns Seven?Eleven Japan; American Psycho is back; Cupcake the cat survives 260-mile, 8-day journey through the mail; and more.
Hedge fund manager Jeff Gramm pops over to Times Square to discuss his new book, "Dear Chairman," which chronicles eight decades of pushy investing from Benjamin Graham and Warren Buffett to Carl Icahn and Dan Loeb, and what this history means for markets now and in the future.
By Svea Herbst-Bayliss and Sam Forgione NEW YORK/BOSTON (Reuters) - Top U.S. hedge fund management firms, including Dan Loeb's Third Point LLC, took new positions in Morgan Stanley during the fourth quarter, ahead of the bank's cost-cutting measures and bond-management reshuffling. Show More Summary