Dan Loeb has moved from the pen to the screen with Third Point’s new video aimed at Dow Chemical, a target of the hedge fund. It reads just like an attack ad from a heated political race.
Hedge fund titans spent a lot of money—millions of dollars in some cases—on candidates and measures in the 2014 midterm elections. Here’s a look at the bets that panned out.
The struggling car and equipment rental giant ceded three seats to the hedge fund titan just three days after its CEO stepped down.
The car and equipment rental giant had faced pressure from a number of large activist investors to change its management in recent months.
Both powerhouse investors made big bets on Verizon in the first quarter, but Loeb has since sold out of his position in the telecommunications company while Buffett has added nearly 4 million shares to his stake.
The American Federation of Teachers has used its pension funds to take on billionaire asset managers, the nation’s largest private student loan company and the world’s biggest education company.
Shareholder rights plans, commonly called “poison pills” because they limit the amount of stock an investor is able to acquire, are increasingly being used by companies against activist investors. But hedge fund manager Dan Loeb is mounting a court challenge to its relevancy in his battle against auction house Sotheby’s.
Dan Loeb’s Third Point Partners is demanding Sotheby’s open up all three board seats the $14 billion hedge fund is seeking. At this point, Sotheby’s is only offering one seat for Loeb, and the stock has fallen more than $3 per share in just over 24 hours.
New data from Activist Insight suggests that activist investing for 2014 is already shaping up to outpace last year, and the companies targeted represent a diverse group of industries.
Billionaire backers of LGBT rights join activists and politicians for an event that wasn’t officially included in the World Economic Forum in Davos. “It’s not cool to be anti-gay,” hedge fund manager Daniel Loeb told the event.
Sony’s entertainment unit followed up its seven Golden Globe wins on Sunday by snagging 21 Oscar nominations today. So much for Loeb’s criticism that the unit was underperforming.
Sahm Adrangi, 32, went from pondering a journalism career to managing a $300 million hedge fund. He spoke with BuzzFeed about his career transformation, the climate for hedge funds, and some activist investor campaigns currently being waged.
This was the year the proxy battle turned ugly—and went mainstream.
Contentious hedge fund manager and activist investor Daniel Loeb is usually tight-lipped about the controversies that surround him. But at today’s New York Times DealBook Conference, Loeb dropped some bombs and addressed his critics, including George Clooney.
According to Worth magazine.
In a wide-ranging interview on PBS’ Charlie Rose show Tuesday night, Ackman defended his recent actions against J.C. Penney and himself against attacks from rivals.
In an interview with Deadline, Clooney went on a tirade against the activist investor who has criticized Sony’s recent movie performance.
Dan Loeb, the activist-investor who leads hedge fund Third Point, sold 40 million shares of Yahoo stock Monday, effectively ended his campaign against the company.Loeb made more than $600 million during his 21 month Yahoo crusade.
Hedge funder Dan Loeb and Third Point sold 40 million shares of its stake in Yahoo today. It brings to a close one of the most successful activist investor periods in tech.