Tuesday, 21 October 2014
Last updated 3 hours ago
Jul 26 2012 | 11:51am ET
Third Point liked Yahoo! before it won three of its board seats and the head of its CEO and founder. Now that it's got those seats, it can't get enough of the Internet company.
The New York-based activist hedge fund bought another 2.5 million shares in the second quarter; the hedge fund had already added 14.5 million shares to its now 73 million share stake in the first quarter.
Third Point now owns about $1.1 billion in Yahoo! shares, which is its largest investment and which accounts for about 6% of the company's outstanding shares.
In May, Third Point won three board seats and the resignation of Yahoo! CEO Scott Thompson, who the hedge fund had hounded over his allegedly fudged academic credentials. Thompson was replaced this month by Marissa Mayer, a former Google Inc. executive.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...