2017 is turning out to be an outstanding year for hedge fund manager Dan Loeb. After smashing the market with returns of more than 20% in 2012 and 2013, it looked as if the fund manager’s star was failing in 2014, 2015 and 2016 when returns slumped to 5.7%, -1.4% and 5.7% for each year respectively. However, returns have picked up again this year. To the end of the third quarter, Dan Loeb’s Offshore and Ultra funds held respective gains of 14.5% and 23% and assets have returned to a previous peak of $18 billion. See also: Hidden Value Stocks:…
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