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Third Point, a $US18 billion activist hedge fund founded by billionaire Dan Loeb, has taken a massive stake in Nestlé.
While Third Point owns only about 1.4% of the Swiss company — Third Point’s 40 million shares are worth more than $US3.5 billion — it’s one of the biggest activist plays ever. Here’s what you need to know.
Warren Buffett’s Berkshire Hathaway just made a bet on real estate investmet trust Store Capital. And Store Capital’s stock price is getting a huge boost from everyone’s favourite Nebraskan investor.
Robert Soros is stepping down from his father’s legendary fund to start his own venture.
Through conversations with portfolio managers, JPMorgan has found that investors are piling into the same positions. And it’s created a tenuous situation.
A crucial stock market indicator just got its most bullish reading on record. There’s a surprising new champion of the stock market. And investors betting trillions on ethically-appealing stocks may not be getting all they expect.
Gold traders were greeted with a jolt Monday morning. And in cryptocurrency news, Ethereum is plunging despite flash-crash victims getting their money back, and bitcoin is dropping.
Lastly, go inside the extravagant wedding of Treasury Secretary Steve Mnuchin and 36-year-old actress Louise Linton.
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