Hedge Funds

Activist investor and major Sony Corp (NYSE:SNE) shareholder Third Point released a 102-page presentation titled "A Stronger Sony" Thursday.  The fund, managed by Dan Loeb, argued for the Japan-based company to split up its businesses to better position itself for growth...

Dan Loeb's hedge fund Third Point is calling on Sony Corp (NYSE: SNE) to spin off its semiconductor business, according to Reuters. Loeb published a letter and presentation pushing for changes at Sony, the sale of its insurance business and its stake in companies like Spotify...

Callaway Golf Company (NYSE: ELY) shares are trading higher following a new 9.22% stake from Barry Rosenstein's Jana Partners. Callaway Golf manufactures golf clubs, among other golf-related accessories. It sells its line of Big Bertha, Great Big Bertha and Biggest Big Bertha oversize metal...

Billionaire hedge fund manager Stanley Druckenmiller told CNBC Friday that the U.S. could be in trouble when the next recession hits thanks to the massive amount of corporate debt companies are holding. Druckenmiller isn’t the only expert concerned with debt levels around the world, as...

Barnes & Noble, Inc. (NYSE: BKS) has officially entered into a definitive agreement to be acquired by hedge fund Elliott Management for $6.50 per share in an all-cash transaction valued at approximately $683 million. This is not first acquisition Elliott has made of a large bookseller. In June...

After 26 years, billionaire hedge fund manager David Tepper is shutting down his Appaloosa LP to outside investors. The Wall Street Journal has reported Tepper plans to return outside clients’ money as the 61-year-old Tepper plans to spend more time on the Carolina Panthers, the NFL team for...

Pershing Square Holdings, the hedge fund controlled by billionaire Bill Ackman, reported strong performance in the first quarter of 2019. The fund’s net asset value per share increased 36.9 percent during the quarter and has jumped 38.4-percent year-to-date. Notable...

The latest round of 13F filings from institutional investors were out this week, revealing to the world the stocks that some of the richest and most successful investors have been buying and selling. Takeaways From 13F Season Investors who follow particular fund managers can easily look up what...

Wall Street now knows how much Warren Buffett's firm bought in Amazon. In a 13F filing released after Wednesday's close, Berkshire Hathaway (NYSE: BRK-A) revealed a stake of 483,300 shares in Amazon as of March 31. That equates to about $904 million. Back on May 3, Buffett told CNBC's...

Windstream Holdings Inc. (OTC: WINMQ) filed for bankruptcy protection in February days after the telecom service provider lost a legal battle against the hedge fund Aurelius Capital Management. Since then, shares of Windstream's former subsidiary, the real estate investment trust Uniti Group Inc (...

Meritor, Inc. (NYSE: MTOR) announced Wednesday that it has entered into an agreement with an affiliate of The Carlyle Group LP (NASDAQ: CG) to acquire AxleTech for about $175 million in cash. What Happened The sale price is adjusted for changes in working capital at closing, Meritor said in a press...

Some of the best minds on Wall Street lent a peek into their portfolios at Monday’s Ira Sohn Investment Conference. Here are some of their recent plays. David Einhorn The Greenlight Capital founder is long AerCap Holdings N.V. (NYSE: AER) as it trades at a 50-percent discount to GATX...

Activist investor Mick McGuire's hedge fund Marcato Capital Management came out against Canopy Growth Corp (NYSE: CGC)'s acquisition of Acreage Holdings Inc (OTC: ACRGF) in a letter sent to Acreage's board of directors.  What Happened The letter comes as a response to the...

President Trump’s administration has been described as a revolving door of cabinet members. One of the highest profile cases was Anthony Scaramucci’s departure from his brief stint as the White House Director of Communications in 2017. What’s Happening This week, Scaramucci will...