Third Point Management Company - Investor Profile
Primary Address: | Investor Information: | |
| 390 Park Avenue | Total AUM ($MM): | 2,231 |
| 18th Floor | Equity AUM ($MM): | 1,403 |
| New York, NY 2110 | Investment Style: | Value |
| United States | Orientation: | 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.
Founders and Key Executives of Third Point Management Company: Daniel Loeb; 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
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Third Point Management Company's Top 10 Equity Holdings (as of 3/31/2010)
Third Point Management Company's Top 10 Equity Holdings (as of 3/31/2010)
| Value | ||||
| Company (Ticker) | ($MM) | Shares | Change | % Out |
| Transdigm Group Inc (TDG) | 95.47 | 1,800,000 | 0 | 3.73 |
| CIT Group Inc (CIT) | 91.56 | 2,350,000 | 600,000 | 0.58 |
| Wellpoint Inc (WLP) | 83.69 | 1,300,000 | 200,000 | 0.29 |
| Health Net Inc (HNT) | 74.61 | 3,000,000 | 0 | 2.89 |
| Liberty Media Interactive (LINTA) | 73.44 | 4,800,000 | 4,800,000 | 0.80 |
| OSI Pharmaceuticals Inc (OSIP) | 71.46 | 1,200,000 | 1,200,000 | 1.96 |
| Xerox Corp (XRX) | 68.25 | 7,000,000 | 3,000,000 | 0.51 |
| Airgas Inc (ARG) | 58.85 | 925,000 | 925,000 | 1.14 |
| Walgreen Co (WAG) | 55.64 | 1,500,000 | 1,500,000 | 0.15 |
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Articles Related to Third Point Management Company
Third Point’s Daniel Loeb discusses portfolio adjustments and the SEC’s dropped investigation | ||
| Date: June 26th, 2010 | ||
| Hedge fund manager Third Point Management recently sent out its investor letter for the first quarter of 2010. CEO Daniel S. Loeb opened the update with... | ||
Hedge Funds post Mixed Results; Third Point, Tremblant Partners & Pershing Square among Winners | ||
| Date: March 22nd, 2010 | ||
| Hennessee Group has released its most recent hedge fund index results, revealing that the “global equity markets were mixed in February, with the U.S.... | ||
Hedge Funds Distance Themselves from Stevie Cohen as Cohen’s Ex-Wife Alleges Insider Trading | ||
| Date: December 20th, 2009 | ||
| Prominent hedge funds, including Blue Ridge Capital, Greenlight Capital, Third Point Management Company, Glenview Capital Management, and Maverick Capital,... | ||
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... | ||
