Hollywood actor George Clooney has slammed hedge fund manager Dan Loeb over his attempt to break up Japanese entertainment and electronics giant Sony.
Clooney, who is currently working on post-production for his latest directing effort The Monuments Men to prepare for Sony’s December 18 release, told Deadline that while Loeb “describes himself as an activist,” he is a “carpet bagger” who is “trying to manipulate the market.”
Clooney also went out to say that the movie industry “has made a lot of money and [has created a lot of jobs],” while “hedge fund guys do not create jobs.”
eVestment previously reported that Loeb’s New York-based hedge fund firm Third Point, which is a 7% shareholder of Sony, is pressing the company to spin off part of its entertainment unit in an effort to bolster its share price by as much as 60%.
Third Point manages about $10 billion in assets.