So far, it’s been a good year for hedge fund managers Dan Loeb and Philippe Laffont. read more. : Loeb’s Third Point Ultra fund, which has $19 billion in assets, returned 5.5 %in January and his Third Point Offshore fund rose 3.7%, and Laffont’s Coatue Qualified Partners surged 9.9 %last month, according to a Bloomberg article citing investor documents. Both managers attribute  the gains to the surge in technology stocks. The Nasdaq Composite Index gained 7.4 %in January. Shares of Alibaba Group Holding Ltd., Third Point’s second-largest holding and Coatue’s third-biggest position, jumped 18%.