Page 11 - Third Point Management News Today

Former BP CEO John Browne says companies are laying out net zero carbon targets, but few have any meaningful plans to get there and it will cost trillions.

BlockFi, the popular cryptocurrency trading and wealth management firm, is once again raising fresh funds just in 3 months of the last round.

Third Point Management’s Q1 2021 Investor Letter Third Point Management, an investment management firm, published its first quarter 2021 investor letter – a copy of which can be downloaded here. Third Point returned +11.0% in the flagship Offshore Fund. For the month of April, the Offshore Fund returned +1.7%. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021. Published on May 10, 2021 at 11:39 am by Inan Dogan, PhD Warr...

Billionaire Dan Loeb’s Top 10 Stock Picks Dan Loeb’s Hedge Fund’s Returns Daniel Seth Loeb is an American billionaire and hedge fund manager who founded Third Point Management in 1995. As of the end of 2020, the New York-based hedge fund has over $13 billion in managed securities. The 59-year-old billionaire whose worth stands at $3.6 billion proved his stock-picking skills in 2020 as his hedge fund gained 7.2% in December and 20.6% in 2020. When the hedge fund industry was getting clobbe...

Billionaire Louis Bacon Shuns Bitcoin, Returns 70% By Betting On These Stocks Billionaire Louis Bacon’s hedge fund Moore Capital Management has generated massive profits during the first year of trading after the macro hedge fund manager decided to step back from managing investors’ money in 2019 and consolidating its three funds into a single fund. Moore Capital, which oversees Bacon’s and partner’s money, gained more than 70% in one of the most unpredictable years. One of the most suc...

What will be the impact of VMware CEO Pat Gelsinger stepping into the role of Intel CEO? Theres reason for optimism.

SHARE A prominent activist investor has called on Intel Corp. to weigh “strategic alternatives” that could include separating its chip design and production operations, according to a Reuters report from this morning. The investor, hedge fund Third Point Management, reportedly outlined its position in a letter sent to Intel today. Third Point, which has a track record of persuading companies to implement business changes, is said to have bought nearly $1 billion worth of Intel shares in the...