Dan Loeb’s on and off love affair with Alibaba is back on. The hedgie behind Third Point added the China-based e-commerce giant to its portfolio in the second quarter, according to a letter sent to investors Wednesday. It also added asset-management behemoth BlackRock. Third Point has been invested in Alibaba intermittently over the last six...
NYS Entity Status
NYS Filing Date
MARCH 18, 2013
NYS DOS ID#
NYS Entity Type
DOMESTIC BUSINESS CORPORATION
2013 - LOEB CONSULTING NETWORK, INC.
AROUND THE WEB
- Dan Loeb’s Third Point plows into Alibaba again
By Carleton English - Wednesday Jul 26, 2017
- 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...
- Dan Loeb apologizes for racially charged Facebook post
By Carleton English - Friday Aug 11, 2017
Billionaire Dan Loeb is apologizing for racially charged remarks he made this week while blasting a New York politician in a Facebook post. The activist investor, who runs the $17 billion hedge fund Third Point, insinuated that New York state Sen. Andrea Stewart-Cousins — who is black — has done more to harm black people...
- Nestle plans share buyback after pressure from billionaire
By Carleton English - Tuesday Jun 27, 2017
Billionaire Dan Loeb has already managed to extract a few sweeteners from Nestle. The world’s largest packaged foods company, under pressure from Loeb’s hedge fund to sell off assets, said Tuesday it will begin a nearly $20 billion share buyback program beginning next month, which will extend over the next three years. The chocolate conglomerate...
- Food & Wine Magazine Will Leave New York for Alabama
By STEPHANIE STROM - Friday Jun 23, 2017
- Daniel Loeb, a Cuomo Donor, Makes Racially Charged Remark About Black Leader
By SHANE GOLDMACHER - Friday Aug 11, 2017
A major financial backer of the New York governor accuses State Senator Andrea Stewart-Cousins of having done “more damage to people of color than anyone who has ever donned a hood.”