Daniel Loeb

Daniel Loeb

Last Update: 05-15-2015

Number of Stocks: 40
Number of New Stocks: 9

Total Value: $10,761 Mil
Q/Q Turnover: 14%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Daniel Loeb Watch

  • Daniel Loeb Buys Big Stakes in Delphi, Apple, Google

    Daniel Loeb, founder of $8.9 billion hedge fund Third Point LLC, bought 26 new stocks for his 43-stock portfolio in the first quarter of 2012, with some major changes — seven of his top-ten holdings are new buys. For his top new buy, he devoted 10.3% of his portfolio to Delphi Auto Plc (DLPH), followed by positions in Apple Inc. (APPL), UTD Techs Corp. (UTX), Google Inc. (GOOG), and Medco Health Solutions (MHS).

    Loeb also added 25.89% to his largest position, Yahoo (YHOO). More than 44% of his quarter-end portfolio was invested in the technology sector. The positioning earned him a 12.4% return in the first quarter, roughly in line with the markets. In the last 10 years, Loeb returned 261.7% cumulatively, compared to 34.9% for the S&P 500.  


  • Tepper and Loeb Bought Google - My View

    Google Business Analysis — I break down Google (GOOG) into the following five drivers:

    1) Google Search – own the business that redefined the Internet  


  • Dan Loeb Sees $122 Million Profit on Yahoo! as He Forces CEO Exit

    Daniel Loeb’s New York-based Third Point LLC, has made almost $122 million so far on its stake in Yahoo! Inc. (YHOO) after successfully forcing Chief Executive Officer Scott Thompson to step down.

    Loeb, 50, whose hedge fund owns 5.8 percent of the Web portal, has been pushing to shake up its board since September 2011, when he told the company that directors had erred in spurning a takeover bid from Microsoft Corp. Yahoo rose the most in three weeks yesterday following Thompson’s decision to leave, after Loeb flagged discrepancies in the CEO’s resume.  


  • Victory for Daniel Loeb: Yahoo CEO Thompson Plans to Quit over Resume Scandal

    Yahoo could leave the company as soon as tomorrow, replaced in the interim by Ross Levinsohn, the company’s global head of media, DealBook reports. Yahoo will also make a deal that will end activist hedge fund manager Dan Leob’s proxy fight. Under these plans, Loeb and two of his director nominees, media executive Michael J. Wolf and turnaround specialist Harry Wilson, will be on the board.

    The five current Yahoo board members, all set to depart this summer, will leave now, making way for the new members, reports AllThingsD, which broke the news. Newly minted director Fred Amoroso will become board chairman.  


  • Loeb Says He'll Fight Yahoo as Long as It Takes

    In rare public comments about his ongoing proxy fight with Yahoo, Third Point founder Dan Loeb called the company “bloated” and “not focused,” but added that the tech giant is a “great business” capable of being turned around. In an interview after his presentation at the Skybridge Alternatives (SALT) investor conference in Las Vegas, Loeb threw an unexpected bone to the [b]Yahoo[/b] board, saying there are good people there with whom he could work.

    Loeb said the issue at Yahoo is fairly straightforward: There’s a lack of leadership vision and values. Speaking of recent revelations that Yahoo CEO Scott Thompson misrepresented his educational credentials, Loeb said the issue comes down to accountability — and there’s a crisis of leadership at the company.  


  • Third Point's First Quarter 2012 Investor Letter with Comments on YHOO, AAPL, ESRX

    Review and Outlook: As we discussed at our investor presentation in January, we believe the threat of a severe global slowdown receded as a result of the European stability mechanisms announced late in 2011, and so the global economy – and in particular, the US economy – is in a growth trajectory notwithstanding certain persistent "tail risks". The First Quarter was a benign environment for our value‐oriented stock‐picking style, and our analysts found interesting opportunities everywhere, resulting in positive performance across most asset classes, sectors, and geographies.

    Our mortgage portfolio was up ~6.5%, recovering nicely from a dip in the Fourth Quarter of 2011. Corporate credit gained 12% for the year through March 31st, on the strength of investments made during the credit market sell-off in October 2011 which were primarily near‐term, cash‐returning situations with small downside risk and a quick payday. Long equity positions were up 12.4%, roughly the same as the market, despite a loss in Yahoo! (YHOO), our largest equity position. We generated our greatest profits in Financials, Consumer, and Healthcare, losing money primarily in our Special Situations short book. From a regional perspective, Europe had a 20% return on average exposure while the US was up 12%. Gold was up ~5% on our average exposure of 5.5% of AUM.  


  • Daniel Loeb Publicizes Yahoo CEO's Education Record Discrepancy

    NEW YORK, May 3, 2012 /PRNewswire via COMTEX/ -- Third Point LLC, owners of 5.8% of Yahoo! shares, sent the following letter today to the Yahoo! (YHOO) Board of Directors:

    May 3, 2012  


  • Loeb's Hedge Fund Launches Site in Yahoo! War

    Hedge fund manager Daniel Loeb has intensified his firm Third Point's proxy battle with Yahoo Inc. (YHOO), launching a website calling for a management shakeup at the online media company. ValueYahoo.com, which went live on Monday, also boasts a blog, links to articles covering the proxy fight and biographies of four proposed board nominees, including Loeb himself. Loeb is using the website to line up support for Third Point's positions ahead of Yahoo's annual meeting expected to take place in June.

    The site, along with an associated Facebook page, is a new tactic taken by the hedge fund manager famous for sending vituperative letters to corporate managers over the years.  


  • Dan Loeb’s Latest to the Yahoo Board – Suggests Their Ideas Are from an “Alice in Wonderland” World

    Remember that last nasty e-mail that you wrote, but deleted because it crossed the line?

    Check out Dan Loeb’s latest to the Yahoo! (YHOO) board of directors concerning their refusal to give him a spot on the board. Loeb’s line is a little different from the rest of us.  


  • Daniel Loeb Discusses Stock Holdings UCG, ANF, SWKS, YHOO

    Long Position: Unicredit One of the questions we have been asked most frequently by investors over the past 18 months is whether European bank‐related investments were as compelling to us as they seemed to be to other managers, some of which even raised funds to capitalize on the supposedly massive opportunities originating due to stressed conditions in Europe. We bided our time and having dry powder proved fruitful in January when we were able to capitalize on an extraordinary special situation.

    Unicredit (UCG) is one of Italy's largest commercial banks with additional retail operations throughout Central and Eastern Europe. The EBA bank stress tests conducted in Q4 revealed UCG's need to raise €7.5 billion of capital by June 30, 2012 to reach the minimum 9% threshold required under Basel III. In November 2011, UCG announced a €7.5 billion rights offering with pricing to be determined in early 2012. Demand from UCG's shareholder base to underwrite the deal was weak however, given that nearly 25% of its shareholders (mainly Italian foundations and the Libyan Central Bank) lacked additional capital. This prompted the consortium of banks underwriting the deal to price the new shares at a ~60% discount, nearly 2x that of similar transactions and more than doubling the shares outstanding.  


  • Fourth Quarter Shareholder Letter of Dan Loeb, Third Point Capital

    Dan Loeb discusses his positions and Long Equity: Volkswagen, long Credit: Ally Financial Long Equity: Yahoo! – The Case for Alibaba:  


  • Dan Loeb Accuses Yahoo’s Board of Stonewalling Him – Sends Notice of Proxy Contest

    Like usual, in the letter Loeb takes the more direct approach rather than beating around the bush.

    Mr. Scott Thompson, CEO  


  • Daniel Loeb Increases Stake in Yahoo

    Daniel Loeb, noted investor and founder of $8 billion hedge fund Third Point LLC, bought a sizable stake in Yahoo! Inc. (YHOO) in the third quarter of 2011. Since then, he has had a stormy public relationship with the company. Though he has criticized aspects of the company in a vitriolic correspondence, he increased his stake 0.36% on March 12, according to GuruFocus Real Time Picks. In his fourth quarter letter, posted here by Jacob Wolinsky, Loeb gave a lengthy investing thesis on the company he is piling so much money into. Here is a summary:

    · Discount to intrinsic value first thing they noticed  


  • Daniel Loeb’s Biggest Purchases – Marvell Tech, Yahoo and DISH Network

    Daniel Loeb founded Third Point Offshore Investors Ltd., an investment adviser, in 1995. Third point currently has $8 billion under management and is event driven and value oriented. Often, Loeb engages in activist investing, as is particularly the case with his biggest holding, Yahoo! (YHOO).

    His biggest purchases in the fourth quarter were Marvell Technology Group Ltd. (MRVL), Yahoo! Inc. (YHOO) and Dish Network Corp. (DISH).  


  • Dan Loeb’s (Third Point) Latest on His Yahoo Fight Including His Four Board Nominees

    Below he explains why he believes his four nominees should go on the board of directors:

    Effective January 17, 2012, Founder Jerry Yang resigned from the Board of Directors (the “Board”) of the Issuer and from all other positions with the Issuer. On Feb. 7, 2012, the Issuer announced that Roy J. Bostock, Chairman of the Board, and Vyomesh Joshi, Arthur H. Kern and Gary L. Wilson (the “Retiring Directors”) each had volunteered not to stand for re-election to the Board at the Issuer’s 2012 Annual Meeting of Shareholders (the “2012 Annual Meeting”). The board also announced that it had appointed two new directors, Fred Amoroso and Maynard G. Webb Jr. (the “Newly-Appointed Directors”).  


  • Guru Stocks Raising Dividends: CVS, WSFL, CXS, T, ANDE

    This is the group of companies who raised their dividend during the week: CVS Caremark, Woodstock Holdings Inc., Crexus Investment Corp., AT&T, The Andersons Inc.

    CVS Caremark (CVS)  


  • Daniel Loeb Likes These Low-P/E, Undervalued Companies: HFC, CVR, CE, CXS, XRM

    American hedge fund manager and founder of Third Point LLC Daniel Loeb is a well-known investor. He is not only recognized for Third Point but also for the public letters he writes to financial executives expressing his disapproval of their performance and conduct.

    The firm’s hedge funds include Third Point Partners, Third Point Opportunities Master Fund, Third Point Ultra Master Fund and Third Point Resources. He also holds a capital venture, Third Point Ventures.  


  • A Collection of Dan Loeb (Third Point) Love Letters to the Board of Yahoo

    The latest released today. Here is the entire letter series to (YHOO):

    December 13, 2011  


  • What Hedge Fund Gurus Are Doing with Gold (GLD) and Gold Stocks

    Gold demand in the third quarter increased 6% year over year to an all-time high, driven by investment demand, which increased 33%, to $468.1 tonnes, or $25.6 billion. The Gold Fund ETF (GLD) continued to climb 21% year to date. Often considered as a portfolio hedge against uncertainty, it is interesting to see what Gurus have done with the metal in an economically volatile quarter.

    John Paulson  


  • Daniel Loeb Top Dividend Picks

    American hedge fund manager and founder of Third Point LLC Daniel Loeb is a well-known investor. He is not only recognized for Third Point but also for the public letters he writes to financial executives expressing his disapproval of their performance and conduct.

    The firm’s hedge funds include Third Point Partners, Third Point Opportunities Master Fund, Third Point Ultra Master Fund and Third Point Resources. He also holds a capital venture, Third Point Ventures.  


  • Hedge Fund Third Point Buys Yahoo! Inc., Williams Cos., HollyFrontier, Sells Lyondellbasell Industries, CIT Group, NXP Semiconductors

    Hedge Fund Third Point LLC is run by activist investor Daniel Loeb. The firm just reported its Q1 portfolio. As of 09/30/2011, Third Point, LLC owns 35 stocks with a total value of $2.1 billion. These are the details of the buys and sells.

    Third Point’s Master Fund gained 41% in 2010, and 38.5% in 2009. For the past 5 years, it has a cumulative gain of 64%. For the past 10 years, it gained 315%. These numbers left the market average into dust.  


  • Dan Loeb Wants Jerry Yang Kicked Off the Yahoo Board of Directors

    Dear Members of the Board of Directors:  


  • Daniel Loeb Buys More Yahoo! and Demands Changes at Company

    Daniel Loeb Added 1.54% to his Yahoo! Inc. (YHOO) holding at the average price of $15.48 on Nov. 4, 2011, as reported in Third Pointe Capital’s latest 13D. He now owns 66,000,700 shares. Yahoo just became part of Loeb’s portfolio when he bought 65,000,000 shares on Sept. 8, 2011 for about $14.44 per share.

    Loeb’s new investment in a company many believed was fading into Internet history has proved profitable to date. Over the last three months Yahoo’s stock price has advanced 44% and trades for around $16 a share on Tuesday. But Loeb hopes to make his investment even more profitable.  


  • Dan Loeb Keeping His Powder Dry

    Hedge fund manager Daniel Loeb recently released his third-quarter investor letter where he shared some macro insights.

    First of all, it appears that Loeb is concerned about Chinese economic growth slowing. Due to his concerns, he shorted copper last quarter.  


  • Daniel Loeb Third Quarter 2011 Investor Letter: YHOO, GLD, TCH, SUN, CIT, MOS

    November 1, 2011
    [b]
    Third Quarter 2011 Investor Letter  


  • Delivering Alpha – Video of Discussion With Bass, Loeb, Falcone, Cooperman

    61-minute video with some of the better known hedge fund managers. CNBC's Tyler Mathisen talks to six power players to get their best ideas for investing right now, featuring Kyle Bass, Hayman Advisors LP founder and principal; Leon G. Cooperman, Omega Advisors chairman and CEO; Philip Falcone, Harbinger Capital Investments founder; J. Tomilson Hill, Blackstone Marketable Alternative Asset Management CEO; Daniel S. Loeb, Third Point LLC founder and CEO; Anne B. Popkin, Symphony Asset Management president.

      


  • Dan Loeb’s Letter to the Board of Yahoo

    LETTER TO THE BOARD OF DIRECTORS OF THE ISSUER

    September 8, 2011  


  • Dan Loeb Still Favors Gold

    Daniel Loeb is the hedge fund manager at the wildly successful Third Point LLC. Loeb recently reported his holdings as of 08/31/2011. Interestingly, despite the market turmoil this summer, Third Point still favors gold over all other investments.

    In the most recent report Loeb reveals that his largest position is still gold. It is unclear whether Loeb owns the gold via futures, stored bullion or the gold ETF GLD (GLD).  


  • Monday Value Overview

    Welcome back from the hurricane this past weekend and to the hurricane that was today’s stock market. Today’s edition discusses Berkshire Hathaway (BRK.B), XL Group (XL), J.P. Morgan (JPM), BNY Mellon (BK), Mosaic (MOS) and Barnes & Noble (BKS). Insurance stocks did particularly well today as Hurricane Irene didn’t do as much damage as expected and a solution was proposed for the never-ending European crisis. I think most of the gains were just a relief from oversold conditions, though. Berkshire Hathaway had a particularly nice day after having taken a beating in the last month. One of my other favorites, XL Group, shot up nearly 7% today. John Paulson owns about 9% of XL and James Barrow owns about 7%. XL announced great earnings a month ago and the stock trades at a significantly lower price than before the earnings announcement. Factor in that the stock yields more than the 10-year government bond, and you can’t go wrong.

    Banks also did very well today. Analyst Dick Bove thinks they’ve got much more room to run though. He lists seven banks trading below tangible book value. Think of these kind of like net-nets, only with the potential for improper reserves. The way to guard against that is to choose the banks with good management. J.P. Morgan and BNY Mellon are two on the list with great management. Valuations across the space are much lower than they should be. For those two banks to be trading this cheap, you should know that the recent bank sell-off was more emotional than anything else.  


  • Daniel Loeb Buys Mosaic, FCX, ABX, and Adds to Sara Lee

    Daniel Loeb is the founder of Third Point LLC, a New York based hedge fund with over $7.1 billion in assets under management. He utilizes a value investing strategy that is very similar to that of Joel Greenblatt, firmly believing in investing in undervalued companies. Loeb looks at a company's underlying fundamentals and factors in the company's legal, regulatory and accounting aspects when selecting stocks. He is perhaps best known for his public letters to company executives in which he mordantly addresses the company's performance issues and openly disapproves of their conduct. Over the past ten years, Loeb's Master Fund has earned a cumulative return of 315.6%, completely outpacing the S&P 500's return of 16.4% in the same period. In his second quarter portfolio update, Loeb bought Mosaic (MOS), Freeport-McMoRan (FCX), Barrick Gold Corp. (ABX) and added to his holdings in Sara Lee (SLE).

    Mosaic Company (MOS)  


  • Daniel Loeb of Third Point Second Quarter 2011 Investor Letter

    California sunlight, sweet Calcutta rain
    Honolulu starbright the song remains the same. . .
    Sing out Hare Hare, dance the Hoochie Koo  


  • Why Third Point Capital's Daniel Loeb Is Beating John Paulson and David Einhorn

    On Wednesday, Reuters reported that hedge funds overall have lost an average of 2% over the first half of the year, while the S&P gained around 6%. Below the average are unexpected names like John Paulson (flagship fund down 15%), David Einhorn (Greenlight Capital down 5%), and Bill Ackman (Pershing Square Capital down 2.27%).

    Yet at least one manager has outshone them – Daniel Loeb. He is the founder of the $7.1 billion hedge fund Third Point LLC, which has had an annualized return of 19% since inception in 1996. Year to date, his fund has gained 6.3%, after losing 2.9% in June. His portfolio has climbed because he took a slightly different tack this year than other top investors. For example, only 7.6% of his fund is invested in battered financials, down from about 14% in the fourth quarter. He completely sold out his shares of Citigroup (C) in the first quarter of 2011.  


  • Daniel Loeb’s Hedge Fund Third Point Reports Q1 Portfolio; Buys EP, TSO, WHR, EBAY, ACW

    Hedge Fund Third Point LLC is run by activist investor Daniel Loeb. The firm just reported its Q1 portfolio. As of 03/31/2011, Third Point, LLC owns 50 stocks with a total value of $2.3 billion. These are the details of the buys and sells.

    Third Point’s Master Fund gained 41% in 2010, and 38.5% in 2009. For the past 5 years, it has a cumulative gain of 64%. For the past 10 years, it gained 315%. These numbers left the market average into dust.  


  • Weekly Top Insider Buys: CMSCA, FPR, MJN, WIN, MAC

    Weekly highlight of top insider buys: Comcast Corp. (CMSCA), Freeport-McMoRan (FPR), Mead Johnson Nutrition Company (MJN), Windstream Corp. (WIN), and Macerich Company (MAC).

    Comcast Corp. (CMCSA): EVP and CFO Michael J. Angelakis Bought 25,000 Shares

    EVP and CFO of Comcast Corp., Michael J. Angelakis, bought 25,000 shares on 5/09/2011 at an average price of $25.13.  


  • Weekly Guru Bargains Highlights: CFFN, CCJ, AIG, AKAM, BRCM

    According to GuruFocus updates, these stocks have declined the most since Gurus have bought.

    Capitol Federal Financial Inc (CFFN): Down 54% Since Daniel Loeb Bought In the Quarter Ended on 2010-12-31  


  • Third Point 1Q11 Shareholder Letter

    Daniel Loeb’s Third Point published the following letter to shareholders. For the first quarter, Third Point’s Offshore Fund returned 8.6%, vs. S&P 500’s 5.9%. The fund returned 19.0% since its inception.

    The top winners for the quarter were CVR Energy (CVR), Technicolor (TCH), Williams Companies Inc. (WMB), NXP Semiconductor NV (NXPI), and a short position in the Subprime ABX Index. The top losers for the quarter were Inmarsat PLC (ISAT), Wells Fargo & Company (WFC), Accuride Corp. (ACW), Short A and CIT Group (CIT).  


  • Guru Stocks at 52-Week Low: CSCO, AZ, AIG, GM, TGT

    Last week’s top five stocks that reached their 52-week lows were CSCO, AZ, AIG, GM, and TGT. According to GuruFocus list of 52-week lows, these Guru stocks have reached their 52-week lows.

    Cisco Systems Inc. (CSCO) Reached the 52-Week Low of $17.03  


  • Mario Gabelli Buys IRIS and Reduces MYE; Daniel Loeb Reduces NABI

    Two gurus filed 13Ds in the last two days reporting that they reduced their holdings in companies in which they owned a 5% or more stake. The companies they shed shares of were Iris International (IRIS), Meyers Industries Inc. (MYE) and Nabi Biopharmaceuticals (NABI).

    Mario Gabelli  


  • Weekly Guru Bargains Highlights: DAL, CREE, BBY, FFIV, CFFN.

    Last week’s top five guru bargain stocks were DAL, CREE, BBU, FFIV, and CFFN. According to GuruFocus updates, these stocks have declined the most since Gurus have bought.

    DELTA AIR LINES INC. (DAL): Down 25% Since Pioneer Investments Bought In the Quarter Ended on 2010-12-31  


  • Daniel Loeb Publishes Annual Letter

    Bess Levin has posted the annual letter by Daniel Loeb of The Point. Loeb’s Third Point Partners L.P. fund returned 41.7% and his other funds also beat the S&P 500 handily.

    Here is what he said on the market outlook:
    We entered 2011 positioned for a continued global recovery, sharp price increases in commodities, and the view that undervalued companies would either appreciate or be acquired. During the first month of the year, two of our holdings each announced agreements to be acquired at premiums. We remain constructive on equities in general and on the US and European economies. Our greatest concern is the growing consensus around the bullish view we have held since April 2009. Therefore, we welcome sharp corrections like the two we had last month, the first a decline based on worries about Chinese inflation and the second, a sell-off due to the Egyptian political crisis, each of which we used to increase certain positions.  


  • Daniel Loeb Returns 33.5% for the Year

    Third Point’s Daniel Loeb published his December 31, 2010 Monthly report. For the month, his Third Point Offshore Fund was up 6.6%; for the year, it was up 33.5%. S&P 500 was up 15.1% for the year. The fund returned an average of 18.6% since 1995 inception. S&P 500 returned 5.5% per year during the same period. All in all, Loeb returned 1010% for his investors during the period.

    You just can’t beat him with index.  


  • Hedge Fund Performance Numbers: What to Expect

    2010 was a very volatile year and it wasn’t a good year for many hedge funds. We have previously reported that Bill Ackman’s Pershing Square is having a phenomenal year, thanks to their General Growth Properties (GGP) investments. Dan Loeb’s Third Point will be returning about 30+% in 2010. Finally Ken Griffin’s Citadel reportedly returned around 10% in 2010. Most other reputable hedge funds performed much worse than these:

    Andreas Halvorsen’s Viking Global Equities: Prior to founding Viking Global, Andreas Halvorsen was the director of equities at Julian Robertson’s Tiger Management. This tiger cub is up less than 3% through early December.  


  • Stocks Ideas Shared by David Einhorn and Daniel Loeb: CIT, AAPL, HNT, CFN, BIOF

    Bess Levin of dealbreaker.com disclosed that David Einhorn’s Greenlight Capital Offshore Fund returned 4.3% for the month of December and 12.5% for the year of 2010:

      


  • Daniel Loeb Publishes 3Q2010 Letter, Commenting on Anadarko, NXP Semiconductors, and ProSieben

    Third point’s Daniel Loeb published his 3Q10 letter. In the letter, he discussed the following debt and equity investments he made during the quarter:


    Anadarko Pretroleum  


  • Daniel Loeb Letter to Obama Supporters

    The following is a letter sent yesterday to a small group of Obama supporters by Thirdpoint's Daniel Loeb:

    From: Daniel Loeb  


  • Nominate Guru of 2010

    For YTD 2010, average hedge fund turned out a 3% gain, lagging S&P 500 by about 7%. So the 2-20 compensation scheme does not buy much of performance.

    Among the thousands of fund managers, GuruFocus tries to follow the best by tracking their stock portfolios. As a group, our Gurus typically beat the crowd, or else they are not called “Gurus”.  


  • Third Point's Loeb Continues to Deliver Superb Results; Top Sells: CIT, AMD, VPFG, PXP, RFMD


  • Daniel Loeb Continues to Deliver Superb Results; Top Holdings: POT, ACL, ARG, HNT, PHH, CIT

    Thanks to the well-connected Bess Levin of DealBreaker, we got a glimpse of Daniel Loeb’s November and YTD 2010 performance numbers:

      


  • Hedge Fund Third Point Capital Buys POT, AAPL, CFN, GLD, Sells TDG, CCE, M, XRX

    This is the portfolio update of hedge fund Third Point Capital. The firm is run by activist investor Dan Loeb. Third Point Offshore Fund has gained 25.2% until Oct. 31, this year.

    Since founded in 1995, Third Point Partners’ Fund averaged 37%. It had two down years in the period, down 7% in 2002 and 32.8% in 2008. But in 2009 and 2010, it has recovered all the losses, and gained some more.  


  • Daniel Loeb Publishes Quarterly Letter; Top Holdings: TDG, ACL, CIT, PHH, HNT, ARG

    Daniel Loeb of Hedge Fund Third Point sent his 2Q10 Letter to Investors. His fund Third Point Partners LP returned -3.5% vs. S&P’s -11.4%. If that is not enough of an outperformance, Loeb pointed out that his fund has bounced nicely and through four weeks of August the funds are up 14-16% year to date.  


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User Comments

Guardinvest
ReplyGuardinvest - 6 months ago
Following DOW as he puts added pressure on them to split and divest their commodity chemical business as well as increase stock buy backs. Creating a Shadow Board.



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