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
The 2016 market so far has been brutal for Wall Street, with global stock indices getting slammed as oil prices have continued to fall. Here's a quick scorecard year-to-date (through February 16): S&P (- 8.7%) NASDAQ (-13.3%) DAX (-14.7%) NIKKEI (-15.6%) Shanghai Composite index (-19.83%) Activist investor Daniel S. Show More Summary
Whatever Danny wants, Danny gets.
Noam Scheiber and Patricia Cohen at The New York Times have a big story about how the wealthiest Americans are able to shape US tax policy and shield their income. The story mentions lots of big Wall Street names, including Dan LoebShow More Summary
Cynical short-sellers are targeting some of Wall Street's most famous short-sellers. Amid plunges in the stock prices of David Einhorn's Greenlight Capital and Dan Loeb's Third Point reinsurance entities, Bloomberg reports that bearish investors have piled in pushing short interest (as a percent of shares outstanding) to its highest since 2009. Show More Summary
Dow Chemical CEO Andrew Liveris knows what we're talking about.