Dan Loeb: Ken Griffin Is A Gerbil


Fortune’s big “unauthorized” profile of Citadel boss Ken Griffin in now online and it delivers exactly the kind of slimy dirt you were hoping for. There’s the vague intimations that Amaranth’s collapse was something of an inside job. There’s the sentence which stops short of calling Anne Griffin a “trophy wife” but just barely (“He's got the trophy home, obviously, and is married to a very attractive woman, the former Anne Dias.”)
Most of all, however, there’s the assessment leveled by Third Point’s Dan Loeb, who “apparently refers to Griffin as a ‘gerbil,” according to Fortune writer Marcia Vickers.
Vickers goes on to reveal an email Loeb sent to Griffin:

In 2005, after Griffin snagged an analyst from another shop, Loeb sent an e-mail to Griffin: "I find the disconnect between your self-proclaimed 'good to great, Jim Collins-esque' organization and the reality of the gulag you created quite laughable. You are surrounded by sycophants, but even you must know that the people who work for you despise and resent you. I assume you know this because I have read the employment agreements that you make people sign." Citadel declined comment, as did Loeb.

Sure, Loeb wouldn’t comment. Sure.
A hedge fund superstar [Fortune on CNNMoney.com]


Loeb, Dan Is Tryin' To Make A Dolla Out Of Fifteen Cents

What's been happening at Third Point lately? Glad you asked! The hedge fund just released its Q3 letter to investors and it's got lots of exciting news to share. In addition to being up 6.8 percent for the quarter, the firm found inspiration in the lyrics of Tupac Shakur, whose face will henceforth float alongside the unofficial slogan adopted by TP on desktop screensavers, on a giant banner displayed in the lobby, and on company letterhead. Tupac wasn't the only 90s musical act Third Point looked to for guidance during the idea generation process these last three months. Finally, this happened: Third Quarter 2012 Investor Letter [Third Point]