Dan Loeb’s hedge fund complex Third Point is aiming a Japanese company for the fourth time in two years. The activist investor has taken a stake in Suzuki Motor (JP:7269), report Craig Trudell, Yuki Hagiwara and Dave McCombs at Bloomberg. Loeb has also invested in Fanuc (JP:6954), Sony (JP:6758) and jet engine maker IHI (JP:7013). Loeb [...]
Anyone suggesting otherwise can just back the hell off.
Excerpted from Third Point LLC's letter to investors, Lately, a varied chorus of powerful union bosses, politicians and candidates, an asset management company executive, and a few ivory tower types have asserted that activism is short...Show More Summary
Wisconsin Gov. Scott Walker (R) met with billionaire hedge-fund manager Dan Loeb on Wednesday, Business Insider has learned. Walker was seeking Loeb's key financial support ahead of his all-but-certain presidential campaign, but he didn't get it. Show More Summary
Ligand CEO John Higgins was brought in by raider Dan Loeb to slash costs at a bloated biotech firm. Seven years later he's still there, running a lean, mean cash machine.
The Third Point manager pulled out of Greece just in time.
Prominent dealmaker Jimmy Lee, the vice chairman of JPMorgan, unexpectedly died on Wednesday morning. He was 62. Lee's sudden death sent shock-waves through Wall Street with many of the industry's biggest titans mourning his loss. Lee had a lot of friends on Wall Street. Show More Summary
The hard times of the uber wealthy: Billionaire hedge fund manager Dan Loeb and Lightyear Capital Chairman Don Marron are among the collectors who will head to the Swiss city of Basel to check out the world’s largest modern and contemporary art fair. Art Basel opens to invited guests on June 16 in the quiet […]
Hedge fund titans Bill Ackman, Daniel Loeb and Carl Icahn are all playing nice these days. The three legendary activist investors spoke on a panel hosted by Institutional Shareholder Services (ISS) at the New York Athletic Club in Midtown...Show More Summary
The Third Point founder broke down his fitness routine for his old pal.
He's got a fallback career as an auteur of letters that cause the recipients to piss their pants in fear but for now it looks like this whole hedge fund manager thing is panning out pretty well.
Hedge fund manager Daniel Seth Loeb founded Third Point LLC on June 1, 1995 with $3.4 million in capital. The then-33-year-old had money from only five investors—all friends and family—and his own capital. Today, the billionaire activist...Show More Summary
Within hours of opening, the bid is now above $1mm... Since it opened, the bidding has accelerated... We assume Dan Loeb is not bidding... “I love reading Warren Buffett’s letters and I love contrasting his words with his actions,” he began. Show More Summary
Warren Buffett is widely considered to be one of if not the most successful investors Wall Street has ever scene. He is currently the third richest person in the world. His net worth is just shy of $73 billion according to a recent article by Forbes. Show More Summary
Last week, we highlighted the latest example of billionaire hypocrisy, as Bloomberg suggested that George Soros — who ostensibly believes higher taxes on the wealthy would be good for society and for the economy — may owe nearly $7 billion in taxes. Show More Summary
Billions in FX settlements coming; Dan Loeb rips Warren Buffett; Lagarde comes down on banker pay; UBS bankers turned restauranteurs; "Naked Man Threatens Neighbors With AK-47"; and more.