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September 05, 2015 12:18 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 investment companies. The firm typically invests in the public equity and fixed income markets across the globe. It also invests in ADR’s. 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, and Hong Kong.

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: 54
Chief Financial Officer
Age: 40
Chief Operating Officer and General Counsel
Age: 46
Managing Director
Age: 53
Managing Director
Age: 38
Compensation as of Fiscal Year 2015.

Third Point LLC Key Developments

Third Point LLC Settles with U.S. Department of Justice and Federal Trade Commission over 2011 Yahoo Disclosures

Third Point LLC has settled U.S. regulatory charges that it failed to properly seek antitrust clearance while it built a big stake in Yahoo Inc. in 2011. The settlement, announced by the U.S. Department of Justice and Federal Trade Commission, resolves claims that Third Point took five weeks too long to tell antitrust regulators it planned an activist stake in Yahoo, after having crossed a threshold requiring disclosure. Third Point will not pay a fine but entered a five-year agreement to make appropriate disclosures. The FTC vote was 3-2, with the dissenting commissioners saying the New York-based firm should not have been sanctioned.

Third Point Reportedly Acquired Unknown Stake In Suzuki Motor

Third Point LLC reportedly acquired an unknown stake in Suzuki Motor Corporation (TSE:7269). A person familiar with the matter told Reuters Third Point had looked into Suzuki since March-April and bought a small stake. Third Point declined to specify the size, price or timing of its stake purchase. Suzuki declined to comment on specific shareholders.

Dow Chemical Plans To Increase Its Divestiture Target

Third Point Chief Executive Officer Daniel Loeb had called for The Dow Chemical Company (NYSE:DOW) to spin off its petrochemical unit, but been rebuffed. Dow "fundamentally disagrees" with Third Point's statements, which show little interest regarding benefits to long-term shareholders, Dow said in a statement. "Our board and management team are aggressively pursuing the best interests of all shareholders and managing the business for both the short and long term," Dow said. During an investors event on November 12, 2014 and November 14, 2014, Dow announced plans to increase its divestiture target to $7 billion-$8.5 billion by mid-2016.

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