Third Avenue Management’s CEO David Barse has left the firm, according to anonymous sources. Gregory Zuckerman, Rob Copeland, Matt Wirz & Serena Ng, The Wall Street Journal.
Why ETF flows aren’t a good indicator of market sentiment. Chris Dietrich, Barron’s.
Third Point’s Daniel Loeb didn’t take the weekend off from putting pressure on Dow Chemical (DOW) and its proposed merger with DuPont (DD). Michael J. de la Merced, The New York Times.
Former Perella Weinberg Partners Capital Management partner Andrew Dickson is planning to launch what could be one of Europe’s biggest new hedge funds of the year. Maiya Keidan and Simon Jessop, Reuters.
The fall Citic Securities—once called the Goldman Sachs of China—may have started with a probe into shorting instruments it was marketing to hedge funds. Bloomberg News.
Natural gas prices tumbled to their lowest levels since 2012 as unseasonably warm weather in much of the nation sent demand for heating oil to a seven-year low. Myra Saefong, MarketWatch.
A wave of investor withdrawals led Stone Lion Capital to suspend redemptions in its credit hedge funds. Rob Copeland, The Wall Street Journal.