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Overview
Third Point Management is an American investment firm with an AUM of $27.6B. Aside from its primary public equity activist business, it operates a venture capital fund and property and casualty reinsurer. The firm has 7 offices globally.
Third Point was founded in 1995 by Daniel S. Loeb and it is headquartered in New York. Third Point is a respected investment management firm that has earned a reputation for being a successful activist investor, driving significant improvements in the companies it invests in.
The firm's past campaign targets include MGM, Nestlé, Netflix, and Yahoo.
Remember that in order to craft a great answer to the common question "Why this Firm?", it's your responsibility to read articles and speak with employees. If you are interviewing with Third Point Management, you should make sure you know:
1 deal that the investment team you are recruiting with has done
1 person at the firm (ideally someone who would have influence over your recruiting process)
1 business model-specific detail to mention
We explain how to answer qualitative questions and research private equity firms in our Private Equity Course. We also teach how to build LBO models and prepare for case study interviews.
Selected Activist Impact
After taking a $1B stake in August 2022, Third Point agitated Disney to add a former Meta executive to its board. It also began a push for the sale of ESPN to reduce Disney's debt levels while suggesting the idea of a minority investment into Hulu from Comcast.
Fact Sheet
Company Name: Third Point Management
Description: Third Point Management is a New York-based hedge fund operating as an employee-owned and SEC-registered investment advisor
Firm Category: Activist Investor
Status: Third Point Management is a privately held company
Founded: 1995
Assets Under Management: $27.6B
Chief Executive Officer: Daniel Loeb
Headquarters: New York City, USA
Resources
Based on the H1B Database, the average base salary for an Analyst at Third Point is $150k - $250k.