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Dan Loeb Sells Baxter International Shares At Strong Gain

by forbes.com posted 4months ago 23 views
Growth looks set to slow at Loeb's activist investment target. : Daniel Loeb, whose fund is posting negative returns this year, reported on Wednesday that he unloaded a portion of one of his highly profitable bets, health care company Baxter International. Daniel Loeb is the chief executive officer of Third Point LLC, an outperforming hedge fund that often takes large stakes in companies and vies for change to force up the share price. Photographer: David Paul Morris/Bloomberg© 2017 Bloomberg Finance LP Loeb sold 22.2% of his stake in the company that he started more than three years ago.

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