THIRD POINT – GET YOURSELF A BOARD SEAT

THIRD POINT – GET YOURSELF A BOARD SEAT  by Caleb by Caleb Gibbons, CFA, FRM,– Originally at IBankCoin. Reposted with permission The institutional hedge fund space is typically difficult for the average Joe to access. Only accredited investors can buy and the minimums are high ($5mm typical) with smaller dollops (i.e. $100,000) subject to another layer of fees (1% typical via fund of funds). Dan Loeb’s track record running Third Point has been stellar, trouncing the S&P return by almost 9% per year since it’s 1995 start at $3.5mm to $15bln AUM presently: Loeb’s Third Point fund is closed to new investors,…