Increased Volatility convinces Dan Loeb to alter Third Point’s risk profile

February 16th, 2015
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Pointing to wider swings within the international market, Dan Loeb’s Third Point’s hedge fund will change direction in 2015. According to Bloomberg News, Third Point now admits that their net exposure was set much too high, within last year’s volatile market climate.

Loeb even hinted that last year’s obsession with Greek bonds prevented his firm from taking advantage of cheaper stocks during the five big market drops of 2014.

In it’s investor letter, Third Point also reveled how it had purchased a stake in Japan’s Fanuc Corp during the fourth quarter.

Notably, Third Point is currently ranked #8 on the Top Activist Hedge Fund list.
For Detailed Investor Profiles on these Investors, click below:
Third Point Management Company
Related People: Daniel Loeb; James L. Carruthers*; Munib Islam; Robert Schwartz; Tim Lash
Related Entities: Third Point LLC; Third Point Opportunities Master Fund LP; Third Point Resources LP; Third Point Ultra Master Fund LP; Third Point Ventures
Related Article Tags: Shareholder Activists, Corporate Raiders and Proxy Battles


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