The real Dan Loeb or an imitation will be fine.
Daniel Loeb's Third Point released its quarterly 13F filing with the SEC on Friday, revealing large new stakes in Facebook (FB), Monsanto (MON) and Allergan (AGN). The report, which is closely scrutinized by journalists and investors, also showed that Loeb's hedge fund exited positions in Amgen (AMGN) and EBay (EBAY) and cut its stake in Dow Chemical (DOW).
The Third Point manager feels like he's going into battle every damn day.
In his second quarter letter to investors, Dan Loeb, founder of hedge fund Third Point Partners, disclosed that he's investing in China's answer to Uber, Didi Chuxing. You may recall that Uber has had some difficulty penetrating China's market, where Didi reigns supreme. Show More Summary
After a poor start to the year, Dan Loeb's Third Point redeemed itself in the second quarter, in which it posted a 4.6% return, bringing the YTD net P&L to +2.2% True to his narrative form cultivated during his early activist "Mr.Pink"...Show More Summary
Goldman is sued in U.S. over merger linked to Malaysia's 1MDB; Dan Loeb had a nice little first half; Man leaves clothes in pub as he goes to get cash; and more.
One of investment vehicles ordinary investors can use to play activist hedge fund investor Dan Loeb’s Third Point just got a little bit cheaper. Bloomberg’s Katherine Chiglinsky and Simone Foxman observe a filing that states Third Point...Show More Summary
Hedge funds have taken a beating lately, with some of the most prominent managers performing badly. The first quarter was so bad that Third Point's Dan Loeb described the period as a "hedge fund killing field." Some of the funds’ biggest...Show More Summary
A handful of high-profile hedge fund managers turned in mixed results last month, when the S&P 500 added 1.5%. Reuters’ Svea Herbst-Bayliss gathered up some non-public performance numbers from top managers. She reports that David Einhorn’s Greenlight Capital’s portfolio declined 1.9% in May, meaning that the fund is up 1.1% so far in 2016. Meanwhile, […]
WASHINGTON -- Billionaire activist investors are joining forces to raid Congress for more power. According to a Wall Street Journal report, hedge fund operators Paul Singer, Carl Icahn, Bill Ackman, Barry Rosenstein and Dan Loeb formed a lobbying trade group called the Council for Investor Rights and Corporate Accountability, or CIRCA. Show More Summary
U.S. investigating Citadel, KCG; ; BofA says U.S. stocks headed straight to hell; The Dan Loeb of Japan; Kid finds Mayan settlement while messing around on Google Maps; and more.
Hedge funds have been taking a hammering. Third Point's Dan Loeb described the start of this year as the "one of the most catastrophic periods of hedge fund performance" i n his first quarter letter. But there is opportunity amid the...Show More Summary
Third Point, founded by Dan Loeb, said hedge funds are in the first stage of a "washout" after "catastrophic" performance this year. The $2.9 trillion hedge fund industry had the worst start to a year in returns and outflows in at least seven years. Show More Summary
Hedge funds are having a major comeuppance. Couldn't happen to a nicer bunch.