Hedge Funds

Third Point's Loeb Surfs On As Hedge Fund Washout Continues

by dailymail.co.uk posted 3years ago 553 views
Billionaire investor Daniel Loeb said on Thursday that he is still making money even as the hedge fund industry struggles. Loeb, who oversees the $16 billion hedge fund firm Third Point LLC, said there are ways to earn money on mergers and acquisitions and by nudging company management to perform better. Although not primarily known for corporate activism, Third Point recently suggested to Honeywell International Inc that the company spin off its aerospace unit, which has been a drag on performance. While journalists were not permitted to hear Loeb speak, people familiar with his...

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