Daniel Loeb
Daniel S. Loeb runs $4.5 billion New York-based hedge fund Third Point LLC, which he founded in 1995. Loeb is known for his scathing letters to companies, in which he often criticizes management and pushes for changes. He has focused on investments in biotech and oil/gas, among other areas. Loeb is considered an activist investor, but also has many passive investments.
Loeb graduated from Columbia University.
Loeb in known for collecting art, enjoying yoga and living large. Loeb spent $45 million for a 10,000 sq penthouse at 15 Central Park West.
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If you pay attention to the stock market then you've probably heard about the problems in hedge fund land. For the past few months each day is filled with headlines about how much one fund lost and how another is being closed completely, and still others are pulling money out of the market. On Friday, we got a small glimpse on how bad things are getting. Each quarter, hedge funds larger than $100 million must file a 13F disclosing their long market positions as of the end of the quarter. Usually this quarterly ritual is a great way to find new stock ideas, but this quarter the filings just confirm some of the things we've heard about the trouble in the industry.
Below is data from 11 top hedge funds about where they stacked at the end of the quarter. For the most part, the data is showing a significant ...
United Therapeutics Corp. (Nasdaq: UTHR) 33.6% LOWER; announced that a FREEDOM-C trial of oral Treprostinil in pulmonary arterial hypertension failed to meet its primary endpoint. Deutsche Bank also downgraded the stock from Buy to Hold earlier.
DuPont Fabros Technology, Inc. (NYSE: DFT) 27% LOWER; today announced a temporary suspension of development at data center facilities ACC5 in Ashburn Virginia and NJ1 in Piscataway, New Jersey as the Company continues to seek additional financing to fund development at these sites.
Gran Tierra Energy (AMEX: GTE) 25.8% HIGHER; Friday after the close, Gran Tierra and Solana Resources Limited announced that they have completed the business combination of Gran ...
Daniel Loeb's Third Point hedge fund released its 13F for the quarter ended September 30, 2008. Notably, Third Point's total long exposure went from $3.888 billion to $1.724 billion Here is a summary:
New Stakes:
Amedisys (Nasdaq: AMED) 100,000 shares
Anheuser-Busch (NYSE: BUD) 800,000 shares
AVI Biopharma (Nasdaq: AVII) 100,000 shares
Citigroup (NYSE: C) 200,000 shares
DineEquity (NYSE: DIN) 590,000 shares
Dr Pepper Snapple Group (NYSE: DPS) 3,350,000 shares
CVS Caremark (NYSE: CVS) 1,000,000 shares
EDCI Holdings (Nasdaq: EDCI) 155,000 shares
Epicor Software (Nasdaq: EPIC) 2,400,000 shares
Hewlett-Packard (NYSE: HPQ) 650,000 shares
JB Hunt (Nasdaq: JBHT) 10,000 shares
Lorillard (NYSE: LO) 1,100,000 shares
Merrill Lynch (NYSE: MER) 250,000 shares
Rohm & Haas (NYSE: ROH) 700,000 shares
UST (NYSE: UST) ...
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Form 13F-HR Third Point LLC For: Sep 30
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Form SC 13G Stream Global Services, Filed by: Third Point LLC
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Form SC 13G VELOCITY EXPRESS CORP Filed by: Third Point LLC
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Sonoa Systems Raises $10 Million Series C Financing
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Loeb's Third Point Buys Into Starwood (HOT) and Tibco (TIBX), Dumps Yahoo! (YHOO)
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Dan Loeb's Activism On Maguire Properties (MPG) Heats Up After A $20/Share Offer Surfaces
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Unusual 11 Mid-Day Movers 7/7: RDN, APPX, IGLD, MPG Higher; VRTU, ININ, FBN, OFIX Lower
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Loeb's Third Point Said There is a $20/Share Offer for Maguire Properties (MPG)
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Carl Icahn & Friends Whiff On Yahoo (YHOO)
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Loeb's Third Point LLC Raises Stake in Maguire Properties (MPG) to 8.4%
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What's Loeb's Third Point LLC Buying? Leap Wireless (LEAP) and Safeway (SWY) Make The List Among Others
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Loeb's Third Point Cuts Stake in Flow Int'l Corp. (FLOW) to 12.5%
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TXCO Resources (TXCO) Postpones Annual Shareholder Meeting to May 30
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Loeb's Third Point Discloses 7.1% Stake in Maguire Properties (MPG)
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Obrem Capital Boosts Stake In Micrel (MCRL), Requests Special Meeting to Replace Board
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Orion Marine Group (OMGI) Announces Approximately $37.5 Million of Contract Awards
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TXCO Resources Reaches Settlement Agreement with Dan Loeb's Third Point LLC
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Loeb's Third Point Cuts Stake in Candela (CLZR) to 3.5%
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Loeb's Third Point LLC Discloses 9.1% Stake in Aspen Technology (AZPN)
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Loeb's Third Point LLC Discloses 5.3% Stake in Orion Marine Group (OMGI)
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After-Hours Movers 2/27: DBRN, NKTR, CRM Higher on Earnings, AAPL Up on iPhone Sales; SEED, MYL Lower on Earnings
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Following Dan Loeb: Mylan (MYL) - A Cheap Drug To Own
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Summary of Loeb's Third Point LLC 13F: New Stake AK Steel (AKS), Boosts Clear Channel (CCU), Cuts Dillard's (DDS)
