Loeb's Third Point holds 1.64 percent Sony stake under its own name-filing

Mon Nov 11, 2013 1:48am EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

TOKYO (Reuters) - Activist hedge fund investor Daniel Loeb's Third Point held a 1.64 percent direct interest in Sony shares as of the end of September, a regulatory filing showed on Monday.

The fund, which has pushed -so far unsuccessfully- for the electronics giant to partially spin off its lucrative entertainment business, has said it controls about 7 percent of Sony shares either directly or under different names.

It is unclear whether Monday's filing represents a change in the fund's overall holdings.

The Nikkei financial daily said in September that the New York-based hedge fund was re-registering up to a 3 percent stake in Sony under its own name in order to be able to file shareholder resolutions and take other steps to push for management changes.

Sony and representatives for Third Point were not immediately available for comment.

(Reporting by Chikafumi Hodo; Editing by William Mallard)

Daniel S. Loeb, founder of Third Point LLC, participates in a panel discussion during the Skybridge Alternatives (SALT) Conference in Las Vegas, Nevada May 9, 2012. REUTERS/Steve Marcus