My easy-like Sunday morning reads: • Bill Ackman, Dan Loeb, Carl Icahn, and Herbalife: The Big Short War (Vanity Fair) Passive funds are on pace to eat the entire US stock market by 2030 (Quartz) see also Vanguard Actually Is Good at...Show More Summary
In fact, Loeb's not sure any stock is worth its current price.
Hedge fund manager Daniel Loeb dumps Third Point's stake in Apple, according to its latest 13F filing.
Having returned 5.9% in Q1, or just shy of the overall market's 6.1% return, it was not surprising to find the mood in Dan Loeb's just released Third Point letter to be far more uplifting than in the recently posted David Einhorn letter (whose punchline was "The Longs Say Stocks Can Only Go Up, Seemingly To Infinity And Beyond. Show More Summary
But the same court is apparently totes cool with Jim Chanos and Dan Loeb.
A New York hedge fund that has the backing of Dan Loeb and Steve Cohen's family has had a strong start to the year. Honeycomb Asset Management's flagship fund returned 9.3% net of fees in the first quarter, according to a document provided to Business Insider by an investor. Show More Summary
Having failed at the task for which she was hired (with Dan Loeb's help) some five years ago, namely turning Yahoo around, and set to terminate her relationship with Yahoo after it is fully consumed by Verizon in a few months, there was speculation what if any golden, or lead, parachute Yahoo CEO Marissa Mayer would receive. Show More Summary
There's something in it for you and your ilk, Danny Boy.
Dan Loeb's Third Point is looking to raise fresh money. The fund opened to new money around six months ago, according to people familiar with the matter. The minimum investment is $10 million for those investing directly. Around theShow More Summary
Some of the biggest names in the investing world are backing a hot new hedge fund, according to people familiar with the situation. Philippe Laffont, the founder of Coatue Management, Louis Bacon of Moore Capital, and Dan Loeb, founder...Show More Summary
Billionaire investors appear to see good times ahead with a fellow billionaire in the White House. Warren Buffett, Carl Icahn, David Einhorn, Dan Loeb and Bill Ackman have been making some major investment moves in recent months, as revealed in regulatory filings with the Securities and Exchange Commission this week. Video provided by TheStreet
Dan Loeb went big on Wall Street. A February 10 regulatory filing shows that Loeb's Third Point went big on JPMorgan and Bank of America, and to a lesser extent, Goldman Sachs, investing nearly $1 billion in the banks' shares duringShow More Summary
A partner at Dan Loeb's Third Point has left, according to people familiar with the matter. Keri Findley left last week and was one of four partners at the $15 billion hedge fund, the people said. Her departure means the firm now just...Show More Summary
Seriously or literally, everyone is just spitballing.
The latest strategist to step into the pro/anti-Trump fray, is one of the original permabears, SocGen's Albert Edwards, who in a Thursday note sided with Dan Loeb, and wrote that while the Donald Administration "might be a neo-liberal...Show More Summary
Billionaire Dan Loeb of Third Point is moving heavily into the marketplace lending sector, betting on loan pools originated by firms like SoFi as fintech platforms fill a void left by banks.