Author: The Wealth Training Company

Daniel Loeb’s Third Point Takes Large Stake in Alibaba

Daniel Loeb’s Third Point Takes Large Stake in Alibaba

Posted by | Jan 9, 2018 |

Daniel Loeb’s billionaire and founder of hedge fund, Third Point with current asset under management of ‎$17.5 billion took a large stake in Alibaba in the second quarter, according to SEC filings. Loeb’s fund bought 4.5 million shares of the Chinese e-commerce giant which are worth about $634.1 million. Daniel Loeb also bought a large $654.7 million stake in BlackRock last summer. “Loeb’s fund bought 4.5 million shares of the Chinese e-commerce giant which are worth about $634.1 million”   Jack Ma, CEO of Alibaba, visited the US in June to promote his Chinese e-commerce platform as a way...

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Daniel Loeb – Investor Profile

Daniel Loeb – Investor Profile

Posted by | Jan 9, 2018 |

DDaniel Loeb (December 18, 1961) is an activist investor hedge fund manager and the founder and chief executive of Third Point, a New York-based hedge fund with $10.8 billion in assets under management, as of March 2016.   Daniel Loeb was born to a Jewish family, the son of Ronald and Clare (née Spark) Loeb was raised in Santa Monica, California where he attended Palisades Charter High School. His father was a partner at the Los Angeles law firm of Irell & Manella LLP and general counsel for Williams-Sonoma. His father also served as an outside director of Mattel,...

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Michael Gelband Poaching Staff from Millennium Management?

Michael Gelband Poaching Staff from Millennium Management?

Posted by | Jan 9, 2018 |

It’s one of the biggest Wall Street battles of the year and pits two powerful players who used to be on the same team against each other. Israel Englander, an American investor, and co-founder of Millennium Management has locked swords with Michael Gelband in an arbitration hearing over whether Gelband can hire Millennium traders and employees. Michael Gelband was the man who once seemed poised to take the reins at Millennium. The fixed income unit headed by Michael Gelband had created $7 billion in trading revenue in his eight years at the firm   Israel Englander, 69, founded Millennium Management...

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Israel Englander – Investor Profile

Israel Englander – Investor Profile

Posted by | Jan 9, 2018 |

Israel Englander (1948 New York City, US), is a hedge fund investor and a self-made billionaire with a Net Worth $5.2 billion USD (2017). Israel Englander is the 91st richest man in the US and the 8th highest earning hedge fund manager in 2016. Englander came from a humble background (his family was not wealthy). He was raised in a religious Jewish Orthodox home. His parents were immigrants from Poland who arrived in the US in 1947 after being deported to a Soviet labor camp after the war. On his father side, the entire family was murdered during the...

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Political Division Playing Out in the Titan Hedge Fund World

Political Division Playing Out in the Titan Hedge Fund World

Posted by | Jan 9, 2018 |

James Simons, Renaissance, founder, and mathematician is considered one of the hedge fund industry’s most successful quant trading firms. Indeed, the three portfolios open to outside investors are all up double digits this year, beating the average hedge fund’s 6 percent gain in the first nine months of 2017. But Simons (personal net worth of 18.5billion USD 2017 Forbes) has had a fall out with his co-chief executive, Robert Mercer. “We’ve never had a president remotely like our current president… We’ve had some doozies but never of that caliber” JAMES SIMONS Mercer has been a long time major backer...

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