Third Point Management Company - Investor Profile


Primary Address:

Investor Information:

390 Park AvenueTotal AUM ($MM):2,231
18th FloorEquity AUM ($MM):1,403
New York, NY 10022Investment Style:Value
United StatesOrientation:Shareholder Activist
Phone: 212-224-7400 Investor Type:Hedge Fund Manager
Fax: 212-224-7401

Institutional Investor Background


Third Point Management Company is a hedge fund manager founded in 1995 by Chief Executive Officer Daniel S. Loeb with a focus on activist investing. The firm's hedge funds include Third Point Partners, Third Point Opportunities Master Fund, Third Point Ultra Master Fund and Third Point Resources. The firm's venture capital arm, Third Point Ventures, is based in Sunnyvale, California and invests in early stage tech alternative energy, and clean tech companies. Third Point Ventures is led by Robert Schwartz who has more than 25 years of experience in private equity and technology company management. Third Point Management is based in New York, with additional offices in Los Angeles, Hong Kong, Bangalore and London.

Investor Regional and/or Country Focus: North America, United States

Founders and Key Executives of Third Point Management Company: Daniel Loeb; Munib Islam; Robert Schwartz; Tim Lash; James L. Carruthers*

Entities related to Third Point Management Company: Third Point LLC; Third Point Opportunities Master Fund LP; Third Point Resources LP; Third Point Ultra Master Fund LP; Third Point Ventures

*Denotes that the person or entity is no longer related to the firm. **If you would like to submit investor updates, please click here. ***Relevant firms may include firms where founders previously worked, funds that were spun-off from the firm, funds that were seeded by the firm and/or unrelated firms that were founded by veterans of the fund. For specific details, please review the Investor Background sections for each firm of interest.



Third Point Management Company's Top 10 Equity Holdings


Value
Company (Ticker) ($MM) Shares Change % Out
Yahoo Inc (YHOO) 1,458.80 62,000,000 -11,000,400 5.04
Virgin Media Inc (VMED) 538.67 11,000,000 11,000,000 3.51
American International Group Inc (AIG) 524.07 13,500,000 -5,000,000 0.75
International Paper Co (IP) 307.43 6,600,000 5,100,000 1.51
News Corp Class A (NWSA) 198.32 6,500,000 -500,000 0.27
Tiffany & Co (TIF) 187.76 2,700,000 2,700,000 2.14
Murphy Oil Corp (MUR) 159.33 2,500,000 -3,715,000 1.29
Delphi Automotive Plc (DLPH) 133.20 3,000,000 -7,000,000 0.00
BE Aerospace Inc (BEAV) 120.56 2,000,000 2,000,000 1.93
Dollar General Corp (DG) 116.33 2,300,000 150,000 0.67

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Articles Related to Third Point Management Company


Icahn, Highside, & Greenlight Blind-Sided, Memo States that Guaranty Bank may be Seized

Date: August 4th, 2009
Reports have arisen suggesting that the FDIC will seize troubled Texas-based Guaranty Bank (NYSE: GFG). According to an article by Teri Buhl on Goingconcern.com,...

Third Point’s Loeb has a Brighter Outlook

Date: May 1st, 2009
The New York Times DealBook got a hold of hedge fund Third Point Management Co’s most recent investor letter and reports that the hedge fund’s founder...

Third Point targets the Phoenix Cos

Date: July 22nd, 2008
Daniel Loeb of Third Point has targeted The Phoenix Cos, an insurance company. He has called for the removal of its CEO, Dona Young. He believes that...

Third Point Activism - PDL BioPharma Summary

Date: July 17th, 2008
In April of 2007 Third Point increased its holdings to 9.7% of the company's outstanding stock and demanded the company fire CEO Mark McDade. An internal...

Icahn vs. Yahoo Proxy Battle

Date: May 22nd, 2008
Mr. Icahn currently has a 4.3% stake in yahoo along with many supporters. Third Point LLC, the activist hedge-fund firm run by Daniel Loeb, strongly...

PDL Biopharma fears Third Point

Date: March 5th, 2007
On March 5th of 2007 Third Point, LLC, an activist hedge fund purchased 8.6 million shares in PDL BioPharma. PDL BioPharma is a biopharmaceutical company...


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