Activist hedge fund manager Daniel Loeb takes on Intel, plans launch of new VC fund – TechCrunch
Activist hedge fund manager Daniel Loeb takes on Intel, plans launch of new VC fund Third Point, the activist hedge fund run by Daniel Loeb, is busy in the waning days of 2020. It’s had great returns despite huge turbulence early in the pandemic — Reuters says that it is up 12.3% for the year as of earlier this month — and the firm clearly sees more and more potential for growth in the tech sector. First, we learned via Asa Fitch at the Wall Street Journal yesterday that the hedge fund sent a vituperative shareholder letter to Intel chair Omar Ishrak, demanding wide-scale changes in its...
Source: techcrunch.com
