Sunday, 21 September 2014
Last updated 1 day ago
May 17 2012 | 1:01pm ET
With two scalps and three board seats a Yahoo! already in hand, Third Point is stuffing some more stock in its pockets.
Indeed, even before the New York-based activist hedge fund won the seats and the resignation of CEO Scott Thompson this week, it had padded its already substantial stake in the embattled Internet company. Third Point bought 14.5 million shares in the first quarter to bring its stake to 5.8% of the company, currently worth more than $1 billion.
Third Point chief Daniel Loeb—who has been agitating for a board shakeup at Yahoo! since last year—and two other Third Point representatives will take their seats on the company's board at its annual meeting. Loeb's hounding of Thompson over allegedly fudged academic credentials helped lead to his resignation on Sunday, four months after Loeb's attacks helped push Yahoo! founder Jerry Yang out.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.