With the May 6 election D-day approaching for Daniel Loeb in his fight proxy fight with Sotheby’s, the activist hedge fund manager called Sothebys (NYSE:BID) recent attack against him “false” and “misleading” while fighting for votes. Latest campaign literature presents few new facts Coming off a stinging loss in a proxy battle with moms at his luxury Manhattan condominium building, Loeb was taking swings at the staid grand dame of the auction business. In the latest volley in a “he said, she said” political campaign, Third Point released a 30 page presentation that outlines Loeb’s essential arguments – much of…
Loeb Ratchets Up Campaign Against Sotheby’s Board
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.