Third Point Gains 13.1% Net As Loeb Profits From Activist Bets

Dan Loeb’s Third Point Capital is up 13.1% net of fees this year according to investor correspondence. The firm’s performance this year contrasts sharply with Third Point’s performance in 2018 when the firm ended the year with a loss of -11%, its worst performance since the financial crisis. For more up-to-date hedge fund content, and exclusive access to value-focused hedge fund managers, check out ValueWalk’s exclusive value newsletter, Hidden Value Stocks. Multiple targets It has been a busy year so far for Loeb and the rest of the team at Third Point. In the past few weeks alone the activist has…