Dan Loeb Not Long UPS, Likes Ackman, 3G


Dan Loeb spoke at the CSIMA conference today. Below are some very short and informal notes from a source of ours. Loeb did not say that he was long UPS according to two sources with direct knowledge of the matter. There was a rumor that Loeb said he liked UPS and saw it going to $150 – he did not even mention the stock today…. More below:

  • Said he likes 3G, not beer business, bet on their ability to do more accretive deals
  • Google shareholder structure not optimal for a Carl Icahn type to come in
  • Japan governance getting better, but will be very slow
  • Not many management teams own a lot of stock, act more like trustees (re Sony)
  • Someone asked about Rackspace Hosting position w/Jana, said that’s not activist position, haven’t talked to Jana
  • Said he has a lot of respect for Bill Ackman, has done great things
  • Discussion was more philosophical/process, talked about finding ideas, evaluating downside

Investing in the Next Generation of Emerging and Frontier Markets with Maurits Pot

Yarra Square Investing Greenhaven Road CapitalValueWalk's Raul Panganiban with Maurits Pot, Founder and CEO of Dawn Global. Before this he was Partner at Kingsway Capital, a frontier market specialist with over 2 billion AUM. In the interview, we discuss his approach to investing and why investors should look into frontier and emerging markets. Q2 2021 hedge fund letters, conferences and Read More

No posts to display