Billionaire Investor Dan Loeb’s Firm Made Almost $400 Million Betting on a Post-Election Stock Surge

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Billionaire Investor Dan Loeb’s Firm Made Almost $400 Million Betting on a Post-Election Stock Surge, Report Says (Business Insider)
One hedge fund that raked in big profits during a historic post-election rally in stocks was Daniel Loeb‘s Third Point, according to the Financial Times. Citing regulatory filings and an investor letter from the $13.5 billion hedge fund, the FT estimates that Third Point gained almost $400 million via a bullish positioning in stocks prior to the election, even as other investors were bracing for potential chaos.
 
dealmaker said:
Billionaire Investor Dan Loeb’s Firm Made Almost $400 Million Betting on a Post-Election Stock Surge, Report Says (Business Insider)
One hedge fund that raked in big profits during a historic post-election rally in stocks was Daniel Loeb‘s Third Point, according to the Financial Times. Citing regulatory filings and an investor letter from the $13.5 billion hedge fund, the FT estimates that Third Point gained almost $400 million via a bullish positioning in stocks prior to the election, even as other investors were bracing for potential chaos.
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Billionaire Hedge Funder Dan Loeb Buys Waterfront Miami Beach Estate: Sources (The Real Deal)
Spec home developer Peter Fine sold a Miami Beach mansion to billionaire hedge fund manager Dan Loeb for $20 million, The Real Deal has learned. Fine’s 6440 NBR LLC sold the six-bedroom, 13,386-square-foot home at 6440 North Bay Road to a Delaware entity named after the address. Sources confirmed the buyer is Loeb, founder and CEO of Third Point, a New York-based hedge fund.
 
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