Dan Loeb’s Third Point has been getting more and more involved in activism, and it paid off in 2019. During the firm’s annual meeting, which was hosted online and reviewed by Valuewalk, management highlighted activism as one of their areas of focus last year. They said their activist portfolio was up 47% for the year, and six of their top 10 winners were in the activist portfolio. Biggest winners and losers Loeb highlighted Third Point’s new activist position in Sony, which gained more than 50% in 2019. Campbell’s stock was up 55% as the firm’s involvement helped drive its turnaround…
[Exclusive] Here is what Third Point told investors it wants from Prudential
Michelle deBoer-Jones
Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.