Dan Loeb's hedge fund Third Point is out with their fourth quarter letter to investors. They reveal their thesis on a new long position in Fanuc and touch on their pre-existing long Amgen (AMGN). Additionally, they highlight general market thoughts and take another look at the situation in Greece.
They've lowered gross and net exposures this year, but are looking to "add exposure during market dislocations." Their letter notes they're investing in various large cap companies where they can engage with constructive talks with management about improving shareholder value.
Embedded below is Third Point's full Q4 2014 letter:
For more from this manager, be sure to check out Dan Loeb's recommended reading list.
Tuesday, February 10, 2015
Third Point Q4 Letter: New Position in Fanuc
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