Sunday, 25 January 2015
Last updated 2 days ago
Jun 25 2013 | 10:20am ET
Pine River Capital Management doesn't appear to hold out much hope that Third Point's Daniel Loeb will succeed in his activist campaign to transform Sony Corp.
The hedge fund is shorting the electronics giant's shares, ValueWalk reports. Pine River opened its short before the beginning of the year, months before Loeb bought a large stake in the company and began pushing it to partially spin-off its entertainment division.
Shareholder activism has not proven terribly successful in Japan, and Sony seems cool to Loeb's plans.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…