The fund, run by Daniel S. Loeb, has called on the Swiss food giant to sell its stake in L’Oréal and move more quickly to adapt to changing consumer tastes.
NYS Entity Status
NYS Filing Date
NOVEMBER 14, 2013
NYS DOS ID#
NYS Entity Type
DOMESTIC LIMITED LIABILITY COMPANY
2013 - BAYPORT OPPORTUNITY FUND LLC
AROUND THE WEB
- Third Point, a Hedge Fund, Sets Its Activist Sights on Nestlé
By MICHAEL J. de la MERCED - Sunday Jun 25, 2017
- Shareholders Demand More Drastic Shifts at Nestlé
By STEPHANIE STROM - Tuesday Jun 27, 2017
The changes requested by the Third Point hedge fund underscore the idea that legacy food brands must radically shake up their portfolios to remain profitable.
- Rooted in Counterculture, Whole Foods’ Founder Finds an Unlikely Refuge
By MICHAEL J. de la MERCED and ALEXANDRA STEVENSON - Friday Jun 16, 2017
John Mackey wanted to fight off the activist investors attacking Whole Foods. He found a savior in Amazon, a company blamed for laying waste to retailers.
- Index Funds Are Great for Investors, Risky for Corporate Governance
Friday Jun 23, 2017
One solution is to abstain from voting, leaving decisions to those with an incentive to be informed.
- Dan Loeb's Third Point Makes Its Largest-Ever Bet With Nestlé Stake
Sunday Jun 25, 2017
Billionaire activist investor Daniel Loeb’s Third Point LLC hedge fund has taken a $3.5 billion stake in Nestlé SA, piling pressure on the world’s largest packaged foods company to find ways to accelerate growth.
- Dan Loeb buys a chunk of Nestle, blasts ‘staid’ culture
By Carleton English - Monday Jun 26, 2017
Dan Loeb just placed his biggest bet ever on a chocolate company. The activist investor’s hedge fund Third Point LLC amassed a $3.5 billion stake in Nestle, the world’s largest packaged foods company, representing roughly 1.25 percent of the Swiss-based company’s shares. Loeb is hoping to reinvigorate the brand amid changing food tastes as well...
- Lincoln Center Cultural Innovation Fund Awards Innovation Fund Grants
By firstname.lastname@example.org (Matt Sinclair) - Saturday Jun 24, 2017
The pilot grant program is designed to catalyze access to and participation in cultural opportunities in central Brooklyn and the South Bronx....
Capital campaigns that fund more than buildings
Wednesday May 31, 2017
Graduating, finding the love of your life, having a child, losing a loved one, hiring a new executive director, developing a new strategic plan, and launching a significant capital campaign. What do these events have in common? They are all transformative milestones that significantly alter the course of the future.
While some milestones in an organization’s life are unavoidable– the retirement of a board chair or executive director, for instance– others like strategic planning or capital campaigns are sparked by the vision, discipline, and drive of determined leaders within the organization. They are pregnant with possibilities.
During a capital campaign, huge amounts of money are typically raised to support projects that would likely never happen without a big push forward: new buildings, endowments, the funding of life-saving research, or the acquisition of other agencies. But what about leveraging your capital campaign to fund significant changes within your organization too?
During my June 21 webinar with Andrea Kihlstedt, President of Capital Campaign Masters, we’ll unpack how a capital campaign can be a great opportunity to jumpstart progress on internal projects too by funding the restructuring of a team, a rebrand, a new website, or other critical infrastructure projects. It’s free to sign up-- won’t you join us?