Over the past decade, Daniel Loeb (Trades, Portfolio) and Third Point LLC have generated an average annual return of 9.3%, good for the fifteenth spot on the current GuruFocus Scoreboard. Over slightly more than two decades, Loeb’s Master Fund has returned average annual returns of 17.9%.
This investing guru is best known for his scathing letters to the CEOs of wayward firms, pointing out what he believed to be their failings, in strong language. In recent years, though, he appears to have focused more on what is called "event-driven, value-oriented investing." And, significantly, he is now looking beyond financial statements. Continue Reading »