September 23, 2017 8:26 AM ET

Capital Markets

Company Overview of Third Point LLC

Company Overview

Third Point LLC is an employee owned hedge fund sponsor. The firm primarily provides its services to pooled investment vehicles. It also caters to insurance companies, separately managed accounts, and non 40 act investment company. The firm typically invests in the public equity and fixed income markets across the globe. The firm primarily invests by employing event driven value oriented strategy. It also makes real estate investments. The firm conducts fundamental research to make its investments Third Point LLC was founded in 1995 and is based in New York City with additional offices in New York City, Sunnyvale, California; Los Angeles, California; Stamford, Connecticut; Bangalore, India, ...

390 Park Avenue

18th Floor

New York, NY 10022

United States

Founded in 1995

Phone:

212-715-3880

Fax:

212-224-7401

Key Executives for Third Point LLC

Chief Executive Officer and Portfolio Manager
Age: 56
Analyst and Managing Director
Chief Financial Officer
Age: 42
Partner, Chief Operating Officer and General Counsel
Age: 48
Chief Administrative Officer and Head of Operations
Age: 47
Compensation as of Fiscal Year 2017.

Third Point LLC Key Developments

Third Point Encourages Nestlé To Sell Off Its Stake In L'Oréal

A hedge fund owned by Dan Loeb, Third Point LLC, has built a $3.5 billion stake in Nestlé S.A. (SWX:NESN) and is encouraging Nestlé to sell off its stake in L'Oréal S.A. (ENXTPA:OR), as well as what it deems nonessential operations, including the U.S. confectionery business.

Third Point Urges Nestlé To Seek Acquisition

Dan Loeb’s Third Point LLC issued a letter on June 25, 2017 stating that it now owns about 40 million shares in Nestlé S.A. (SWX:NESN) which is in the process of moving its U.S. headquarters to Rosslyn, Va. - and laid out its intentions to set the company on a new course "with a greater sense of urgency." "Nestle has fallen behind over the past decade in an environment where growth has slowed due to changes in consumer tastes and shopping habits, as well as an influx of new competition from smaller, local brands," Third Point wrote in the letter. Third Point said it is "past time" for Nestle to undertake a comprehensive portfolio review of its more than 2,000 brands in food and beverage and health-science fields. It is urging the company to pursue acquisitions in "high growth and advantaged categories."

Third Point LLC Presents at Credit Suisse Asia Investment Conference, Apr-07-2016 02:00 PM

Third Point LLC Presents at Credit Suisse Asia Investment Conference, Apr-07-2016 02:00 PM. Venue: Conrad Hotel, Hong Kong, Hong Kong. Speakers: Munib Islam, Partner.

Similar Private Companies By Industry

Company Name Region
@Visory LLC United States
1 Road Partners LLC United States
11T Partners, LLC United States
123Jump.com, Inc. United States
1509225 Ontario, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 15, 2016
Playa Grande Holdings, Inc
\
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
The Advertising Council, Inc. United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Tax Management Inc United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Third Point LLC, please visit www.thirdpoint.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.