Daniel Loeb

Another billionaire investor is rooting for Republican presidential candidate Donald Trump’s victory in the Nov. 5 election and has accordingly positioned his portfolio. The call comes on the heels of former hedge fund manager Stanley Druckenmiller‘s similar prediction. What’s In...

Nvidia Corp. (NASDAQ:NVDA) shares were higher in premarket trading on Tuesday following Monday’s 7% rally. The positive sentiment reflects optimism over the uptake of its high-performance chips for AI software and applications. On Monday, Morgan Stanley analyst Joseph Moore issued an upbeat...

The Elon Musk-Twitter Inc. (NYSE: TWTR) takeover saga is meandering to a conclusion, with the billionaire agreeing to buy the social media platform for the initially agreed-upon offer price of $54.20 per share or $44 billion in total. What Happened: Billionaire investor and corporate raider Carl...

Activist investor Dan Loeb issued a letter to The Walt Disney Company (NYSE: DIS) CEO Bob Chapek and the company’s Board of Directors Monday. Loeb took a stake in Disney via Third Point and is seeking to have constructive engagement with the company. In the letter, Loeb congratulates ...

Daniel Loeb, the CEO and founder of New York-based hedge fund Third Point, on Friday revealed a new position in luxury furniture and home furnishings chain Restoration Hardware Holdings (NYSE: RH). What Happened: In a letter to investors, Loeb revealed that the hedge fund started building...

Insider buying can be an encouraging signal for potential investors, especially when markets are near all-time highs. Special purpose acquisition companies attracted some notable insider buying las week. A prominent hedge fund manager and two chief executive officers stepped up to the buy window...

Insider buying can be an encouraging signal for potential investors, especially when markets are near all-time highs. Initial and secondary public offerings enticed insiders to come out and buy shares this past week. Besides IPOs, biotechs and special purpose acquisition companies are well...

Insider buying can be an encouraging signal for potential investors when markets face uncertainty. Insider purchases of biopharmaceutical company and specialty retailer shares were reported last week. Some insiders took advantage of initial public an secondary offerings as well. Conventional...

Third Point LLC, a hedge fund led by billionaire investor Daniel Loeb, has shed all its investments in Sony Corp’s (NYSE: SNE) American Depositary Receipts, Reuters reported Tuesday. What Happened The fund owned 1.5 million Sony ADRs at the end of December, valued at $100 million. These...

After months of back-and-forth between Campbell Soup Co. (NYSE: CPB) and activist investor Third Point LLC regarding the addition of board members and company involvement, the two have reached a deal.  What Happened Following its annual shareholder meeting Nov. 29, Campbell will...

The U.S. consumer staples sector is modestly higher on a year-to-date basis, though the group trails the S&P 500 by a wide margin. However, with the group retreating from some recently elevated valuations, investors may want to consider exchange-traded funds offering a global approach to...

Frac sand miners have fallen out of favor, knocked off the pedestal they were once perched upon at the start of the first quarter. The fall comes amid fears of supply glut. Hedge fund Third Point, founded by Daniel Loeb, has pressed the sell button on the frac sand miners. What Are Frac Sand Miners...

Forbes was out with its compilation of the 25 highest-earnings hedge fund managers and traders. In the same vein, Benzinga is presenting readers with interesting facts about the 25 successful hedge fund managers/traders. 1. James Simons Of Renaissance Technologies Corp. The flagship fund of...

There has been a heated debate on Wall Street as to whether activist investors are beneficial to both shareholders and companies. Over the past few years, activist investing has taken off, with several big name players pushing for change at some of the world's largest companies. While some argue...