Dan Loeb's Third Point Discloses New Positions in Morgan Stanley (MS), Tesoro (TSO)
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January 10, 2013 12:26 PM EST
Herbalife (NYSE: HLF) is giving back earlier gains as the conference call has now concluded and CEO interview is over. With the stock up 65% from the post-Ackman lows, some are looking for a "sell the news" reaction with all the "good news" now out.... More
January 9, 2013 3:49 PM EST
Besides discussing a controversial equity position in Herbalife (NYSE: HLF) today hedge fund Third Point, run by Dan Loeb, explained its rationale for taking equity positions in Morgan Stanley (NYSE: MS) and Tesoro (NYSE:... More
January 9, 2013 3:31 PM EST
In an investor letter today, Third Point's Dan Loeb made his argument in favor of Herbalife (NYSE: HLF). The letter follows news this morning that Third Point has accumulated an 8.2 percent stake in the multi-level marking company. The announcement stirred controversy in the hedge fund community and pits Loeb against his friend William Ackman, who claims Herbalife is a ponzi... More
