Daniel Loeb News
09.04 / 13:23
Strategy
Third Point Investors appoints activist duo to lead strategy review
In a stock exchange notice today (9 April), the board said Dimitri Goulandris and Liad Meidar, alongside existing director Richard Boléat, will join a newly formed strategy committee, to be chaired by Goulandris. The committee will be responsible for undertaking a full review over a period of six months to consider how the trust, which invests directly in Daniel Loeb's flagship hedge fund, may best deliver value to shareholders going forward. TPOU said the review is not a formal sale process, and is therefore not inviting offers. Instead, the committee will evaluate all possible opt...
18.10 / 20:55
markets
Strategy
Election
Opinion
Experts
PAM
Destinations
Billionaire investor Daniel Loeb bets on a Trump victory, says Republicans will be good for financial markets
Donald Trump comes to power after the US elections in November.
04.04 / 08:59
Trade
Third Point Investors commits to 25% tender offer after discount hits double-digits
In a stock exchange notice on Tuesday (2 April), the £664m London-listed closed-ended fund, which invests directly in Daniel Loeb's flagship hedge fund, said the tender offer would be undertaken at a discount of 2% of net asset value. The tender offer was triggered due to the trust's average discount trading above 10% during the six-month period ended 31 March, as set out in a condition put in place by the board in April 2021. The board said shareholders will be entitled to tender in excess of their basic entitlement of 25% of ordinary shares held, but this will only be satisfied if...
26.03 / 02:05
UPS
IPO
Provident
Reuters
reports
Adam Neumann submits over $500 million bid to buy back WeWork, source says
(Reuters) -Adam Neumann has submitted a bid of more than $500 million to buy back WeWork, the office-sharing company he co-founded and propelled to a $47 billion valuation before it fell into bankruptcy, a person familiar with the matter told Reuters.
20.11 / 11:51
inflation
Investment
UK
Interest rates
Bank of America
Friday Briefing: Yet further evidence timing the market is hard
James Baxter-Derrington (pictured), editor
17.11 / 09:54
Nomura
Nomura AM
Nomura AM poaches bond manager from Neuberger Berman
Kapish Patel (pictured), co-portfolio manager of Nomura AM's Corporate Hybrid Bond fund
23.10 / 13:11
Hollywood
UPS
Entertainment
Actor
show
audience
SOLIDARITY
Israel-Hamas War Sows Division Within Entertainment Industry
A midshow spat between comedian Dave Chapelle and a fan. Division within the writers’ union after months of solidarity. Private discussions among Hollywood executives and stars about antisemitism.
23.10 / 00:41
22.09 / 12:17
hedge fund
Investment trusts
Numis
H1 2023
Nav
Buyback
buyback programme
Third Point Investors extends buyback programme as underperformance persists
Third Point Investors’ NAV fell by 3.8% in the six months to June, compared to a 15.4% gain for the MSCI World index and a 16.9% rise for the S&P 500 index.
21.08 / 17:37
Lowe's
Target
Mobile
Enterprise
Exclusive-Cybersecurity firm SentinelOne explores sale -sources
By Milana Vinn and Anirban Sen
01.08 / 14:23
Amazon
Microsoft
Shell
funds
Third Point sees AI path out of recent underperformance
Third Point said it had been investing in AI-enabled business models since its 2016 Series B venture investment in Upstart, describing it as “the firm’s most lucrative investment”.
15.08 / 20:07
10.05 / 10:35
UPS
Shell
stake
Third Point pressures Shell to restructure after upping stake in the oil giant
Activist hedge fund Third Point told clients it has increased its stake in Shell and is still pushing the oil giant to restructure, six months after calling for a breakup of the company.
02.02 / 17:29
Provident
Waves
Target
Shell
Here’s why the UK market is ripe for activist investor campaigns
US and European activist investors are targeting some of the UK's biggest publicly traded companies, taking advantage of slumping stock prices to push for company breakups and other changes.
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