Dan Loeb Sees Old Rigs As Great Shorts, As He Dodges Bullets In 2014Mark Melin
It’s a volatility trader’s market, Dan Loeb’s hedge fund, Third Point, said in a fourth quarter investor letter, as he noted key structural concerns with the economy.
Dan Loeb says managing volatility became as important as stock selection in 2014
From Third Point’s perspective, it is managing volatility and risk, not stock selection, which “has proven to be almost as important as good stock-picking in generating investment returns . . .
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