Devon has a new shareholder
Posted: Fri May 01, 2015 11:30 am
BOSTON, May 1 (Reuters) - Hedge fund Third Point told investors Friday it has taken new positions in Yum! Brands and Devon Energy and thinks U.S. stocks remain attractive because economic data should improve and a near-term rate hike seems unlikely.
Third Point is one of the hedge fund industry's most closely followed investors, in part because of its strong performance. Loeb has returned an average 20.5 percent for clients every year since 1995, more than double the Standard & Poor's 500 index.
http://finance.yahoo.com/news/third-poi ... 21204.html
Third Point is one of the hedge fund industry's most closely followed investors, in part because of its strong performance. Loeb has returned an average 20.5 percent for clients every year since 1995, more than double the Standard & Poor's 500 index.
http://finance.yahoo.com/news/third-poi ... 21204.html