Sony Should Avoid Loeb, Email Says, While Flash Boys Needs a Plot

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Mark Melin
Published on
Updated on

It’s best to keep a low profile when activist hedge fund investors are concerned, is advice from one Sony Corp executive to another. Also, that Flash Boys movie people on Wall Street are waiting for? Aaron Sorkin told Sony executives he needs a plot “which doesn’t exist in the book” and said “they’re aren’t any Asian movie stars.” Dan Loe’s stakes in Sony After activist hedge fund Dan Loeb took a 7 percent stake in Sony in May 2013, encouraging management to sell the company’s entertainment unit. In August 2013 Loeb and his Third Point hedge fund were rebuffed, but…

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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.