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Third Point’s Daniel Loeb Trains Poison Pen on Sotheby’s

The New York-based activist manager has bumped up his stake in the auctioneering firm and is calling for big changes at the company.

       Third Point founder Daniel Loeb. Photo credit: (Bloomberg). Daniel Loeb’s Third Point is turning up the heat on Sotheby’s. The New York–based activist hedge fund firm on Wednesday said it lifted its stake in the auctioneering giant to 9.3 percent, making it the company’s largest shareholder. Loeb also fired off one of

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