1. Third Point Hedge Fund Increases Sotheby's Stake

    Third Point Hedge Fund Increases Sotheby's Stake

    The activist investor Daniel S. Loeb disclosed on Monday that he had acquired a large stake in the auction house Sotheby’s, sending its shares up 3 percent.  Mr. Loeb’s hedge fund, Third Point, is now one of Sotheby’s biggest shareholders, with a 5.7 percent stake, according to a filing with the Securities and Exchange Commission. Third Point joins two other funds, Trian Partners and Marcato Capital, among the company’s top shareholders...

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