Third Point’s Dan Loeb is known largely for his shareholder activism. On Tuesday, his fund began a campaign to get Japanese giant Sony Corporation (ADR) (NYSE:SNE) to consider making some changes to its business. As investors mull the prospect of following Loeb into the trade, it’s worth asking: do investors benefit from shareholder activism? In general, [...]
Third Point, a hedge fund managed by billionaire Dan Loeb, has filed its 13F for the first quarter of 2013, disclosing many of its long positions in U.S. stocks as of the end of March. We track 13F filings from a number of hedge funds, including Third Point, as part of our work developing investing [...]
Famous hedge fund manager Dan Loeb has come to Japan, targeting one of the biggest Japanese corporations, Sony Corporation (ADR) (NYSE:SNE). Dan Loeb revealed that his firm, Third Point LLC, with 64 million shares, including both direct share ownership and cash-settled swaps, was the largest owner of Sony. Dan Loeb has laid out several steps [...]
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Activist investor Dan Loeb wants Sony to rip pages out of Apple and Google's playbooks.
Activist investor Dan Loeb of hedge fund Third Point Ventures has made a name for himself in forced shake-ups. In 2011, he forced a management makeover in Yahoo!, where he now serves on the board of directors. This year, he's made headlines...Show More Summary
With Paulson's star long dimmed, there are few remaining "new generation" hedge fund wunderkinds. One among them is Third Point's Dan Loeb, who continues to be one of the best performing hedge fund managers for the 4th year in a row....Show More Summary
Billionaire hedge funder Daniel Loeb, who runs Third Point LLC, has filed his fund's 13F for the quarter ended March 31st. According to the securities filing, Loeb has completely exited his stakes in Morgan Stanley and Herbalife during Q1. Show More Summary
Dan Loeb Wants to Make Sony Into Apple
Yesterday, activist investor and hedge fund manager Dan Loeb called for Sony to sell 20% of its music, film and entertainment division. Third Point, the fund managed by Loeb, owns 6.5% of Sony stoking, making it one of the company's largest shareholders with a stake of $1.1 billion. Show More Summary
By Tom Lydon: Fueled by the Bank of Japan's aggressive monetary policy, Japanese equities and exchange traded funds have made a robust run, but heavy-weight hedge fund manager Dan Loeb believes there is more to support Japan's rally....Show More Summary
Activist shareholder Dan Loeb just called for Sony to sell up to 20% of its entertainment division, and Sony has already rejected the offer in a statement provided to USA Today. Third Point, a New York-based hedge fund managed by Loeb,...Show More Summary
Billionaire sees unlocked value in electronics, says entertainment carveout could be the key.
The past several months have been good for Japanese stocks. Partly due to the direct effects of devaluing the yen, and partly due to the theory that this will make Japanese products more attractive abroad, the iShares MSCI Japan ETF, which trades on the EWJ ticker, is up 36% in dollar terms in the last [...]
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Hedge fund manager Daniel Loeb, who runs Third Point LLC, is known for his poisonous pen and brutal letters to company boards and CEOs. DealBook's Andrew Ross Sorkin has obtained a copy of his latest letter, which was hand delivered to the CEO of Sony Corp today. Show More Summary
As reported earlier, at least one prominent hedge fund manager, Dan Loeb, is very bullish on Sony (or at least has played his cards well enough to buy the stock 50% lower and is using today's ramp to offload to unwitting momentum chasers as he did with Herbalife). Show More Summary
The U.S. hedge fund manager wants the Japanese electronics giant to spin off its entertainment arm. Activists rarely prevail in Japan. But Loeb’s idea may have merit. In the spirit of the country’s economic renaissance, Sony should take him, and other shareholders, seriously.
Can Sony repeat the magic of the Walkman, the Playstation and the Trinitron? Maybe, maybe not not, and judging by the stock price, soaring recently due to the plunge in the Yen which to many implies a ramp in future profitability (the jury is still out on that), it may not have to. Show More Summary
TOKYO (Reuters) - A New York-based hedge fund with a reputation as an activist investor has proposed that Sony Corp spin off its entertainment division via an IPO, saying the move could boost the Japanese electronics firm's shares by as much as 60 percent. Show More Summary