Founded in 1995 by Daniel Loeb, Third Point is an alternative investment firm managing assets for public institutions, private entities and qualified clients.
Third Point sent a letter to @intel's Board today disclosing an ownership stake and suggesting solutions for the company’s current challenges. Read the full letter here: https://t.co/SwIWqZYfCd
We see the #PrudentialPathForward as a reasonable 4-step-plan: 1. Separate Jackson from PruAsia, 2. Focus on bespoke capital allocation policies, 3. Eliminate central costs, and 4. Recruit best-in-class management teams and boards.
Via @sveaherbst@Reuters: "The New York-based hedge fund said @prudentialplc's stock would benefit if it stopped running its crown jewel Asia business and its U.S. business, Jackson National Life, out of one holding company in Britain." https://t.co/JRsmCQOZK3
Today, we sent a letter to the Board of @prudentialplc urging the separation of the Company’s Asian and U.S. operations, which we believe will increase investment in both businesses, optimize growth, and drive higher valuation. Read our letter here: https://t.co/JYhv5VRIKF
@ThirdPointLLC believes @Sony’s semiconductor business is an underappreciated “Crown Jewel” of Japan and a spin-off and a Japanese listing will highlight its tremendous value. Learn more at #AStrongerSony