third point

Dan Loeb, the founder and CEO of Third Point LLC (a hedge fund with $12.9 billion AUM), has amassed a 6.5 percent stake in Sony (NYSE: SNE). Now he wants to break up the company in an effort to increase shareholder value. According to The New York Times, Loeb believes that a partial spinoff of...

Carl Icahn filed a quarterly 13-F after the closing bell on Thursday showing his firm's long equity positions. While his 13-F was largely unchanged versus last quarter, an SEC filing showed that the investor had accumulated a 12.98 percent stake in embattled multi-level marketer Herbalife (NYSE:...

Shares of Herbalife (NYSE: HLF) staged a mid-session comeback Monday after the Federal Trade Commission (FTC) corrected a statement that erroneously suggested that Herbalife was the subject of a law-enforcement probe. Shares of Herbalife opened Monday's session down over 10 percent, trading...

Dan Loeb, manager of the Third Point hedge fund, just released his second quarter letter. Third Point had a bad quarter, so Loeb had to assuage investors. For the quarter, Third Point lost 2.3 percent - just slightly higher than the S&P 500's performance, a 2.8 percent decrease. Year-to-date,...

Yahoo! Inc's (NASDAQ: YHOO) layoffs announced today represent the Company's fifth significant headcount reduction in as many years.  While this action was unfortunately necessary and widely expected, Third Point, Yahoo!'s largest outside shareholder, is disappointed that this round of cuts occurred...

Carol Bartz is leaving the Yahoo (NASDAQ: YHOO) CEO post the same way she came in - with fire and vigor and plenty of "F bombs." Speaking of the company's board of directors, she told Fortune that "These people f**ked me over." According to Bartz's telling of the events surrounding her firing as...

Well…the 13-Fs are out today and there is a striking theme running through large hedge fund managers' holdings—they are still stockpiling shares of Apple Inc. (NASDAQ: AAPL). Mangers that took a bite out of Apple include Dan Loeb of Third Point (initiated a 150,000 share position), David Einhorn (...

Dan Loeb is an activist hedge fund manager who runs New York based Third Point LLC. Third Point has a long track record of generating positive returns for its investors. Loeb is known as one of the more colorful hedge fund operators in business today, due to his often critical public letters aimed...

Hedge funds are trying to distance themselves as much as possible from SAC Capital, which is under the FBI’s scanner for insider trading, if rumors are to be believed. SAC Capital, a short selling hedge fund, is being watched along with two other short selling hedge funds Kynikos Associates and...