Dan Loeb’s activist investor Third Point is the target of a campaign of its own, and shareholders are enjoying the spoils of the fight
agitating for changesNow his listed investment vehicle is the target of an activist campaign of its own, and while the two sides are at loggerheads, shareholders are enjoying the spoils of the fight.
Third Point Investors Limited, a fund listed on the London Stock Exchange with $1 billion in assets under management, invests in a fund managed by the New York-based Third Point. Mr. Loeb is the investment manager of the fund, which launched in 2007 and allows investors who might not otherwise be able to get access to his strategy. It holdsof stocks, bonds and private companies mostly in the Americas and Europe, the Middle East and Africa.
In May, Asset Value Investors, one of the listed fund’s shareholders with a more than 10% stake, began clamoring for changes. The London-based investor, which manages around £1.5 billion, equivalent to $2.1 billion, said it had significant concerns with the performance of the fund related to the discount at which shares trade to their underlying net asset value. Since its inception, Third Point Investors’ shares have traded at a discount.
The share price, meanwhile, has risen 10% since AVI began publicly airing its grievances in May. The discount at which the shares trade to their underlying net asset value has also shrunk, to 12% from 17%, as of Aug. 4.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Rep. Dan Crenshaw Insists Election Wasn’t Stolen, And GOP Senate Candidate ObjectsBobby Piton, a candidate from Illinois, pushed back from the crowd when Crenshaw said fraud didn't cause Donald Trump to lose in 2020.
Consulte Mais informação »
Republican Rep. Dan Crenshaw heckled for saying the 2020 election wasn't stolenFormer President Donald Trump and his allies filed dozens of lawsuits contesting the results of the November election and the overwhelming majority were unsuccessful.
Consulte Mais informação »
Japanese Directors’ Guild Calls for Release of Another Myanmar Filmmaker Maung Thein DanThe Directors’ Guild of Japan has called on authorities in Myanmar to release filmmaker Maung Thein Dan. He has been detained and jailed pending a trial. Myanmar was wracked by a military coup on F…
Consulte Mais informação »
‘Missing Richard Simmons’ Creator Dan Taberski Preps 9/11 Podcast For Amazon Music, Wondery & Pineapple Street StudiosEXCLUSIVE: Dan Taberski, the man behind the breakout podcast series Missing Richard Simmons, is looking at how 9/11 changed the world in his latest audio series. Taberski, who is also behind The Li…
Consulte Mais informação »
Maluma Is Getting His Own Madame Tussauds Wax Figure: See Him Pose for the FigureMaluma is getting his own wax figure at Madame Tussauds in Orlando, Billboard has learned.
Consulte Mais informação »