Hedge Fund News From HedgeCo.Net

Third Point Exits Macerich, Honeywell, Time Warner; Adds Wynn

(Bloomberg) Third Point, the activist fund run by Dan Loeb, exited a series of high-profile positions during the first quarter, including stakes in Honeywell International Inc., Time Warner Inc., MGM Resorts International and U.S. mall owner Macerich Co. The New York-based hedge fund also added a position in Wynn Resorts Ltd., according to a regulatory filing Tuesday. The Las Vegas-based casino company’s co-founder and chief executive officer, Steve Wynn, resigned in February amid allegations of sexual harassment.

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