Friday, 29 August 2014
Last updated 8 hours ago
Nov 22 2013 | 11:45am ET
While his first foray into Japanese activism was less than a rousing success, Third Point's Daniel Loeb isn't giving up on the world's third-largest economy.
Loeb said his hedge fund had taken a US$1 billion stake in SoftBank Corp. The move follows Third Point's investment in Sony Corp., which rebuffed most of Loeb's suggestions for improving performance.
Loeb made the announcement at the Robin Hood Foundation investor conference in New York.
Loeb has met with SoftBank founder Masayoshi Son and is impressed by his work at the company. He is reportedly bullish on SoftBank's organic growth prospects and its investments in several outside companies; SoftBank in July acquired Sprint Corp.
The Third Point founder wasn't the only hedge fund manager making news at the Robin Hood conference. Greenlight Capital's David Einhorn announced that he had opened a position in Micron Technology, lavishing praise on the chipmaker.
Einhorn also offered kind words to Apple Inc., which he has previously pushed to return capital to shareholders.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...