Dan Loeb on His Top Winning Plays and How He Dodged the GameStop Short Squeeze (CNBC)
Third Point’s Dan Loeb, who finished 2020 with a solid 20% return, said his hedge fund was able to dodge steep losses caused by the GameStop speculative trading mania that burned some of his peers. The hedge fund manager also revealed his top performers in the fourth quarter that propelled the fund to the good year, according to his latest investor letter obtained by CNBC.
Third Point’s Dan Loeb, who finished 2020 with a solid 20% return, said his hedge fund was able to dodge steep losses caused by the GameStop speculative trading mania that burned some of his peers. The hedge fund manager also revealed his top performers in the fourth quarter that propelled the fund to the good year, according to his latest investor letter obtained by CNBC.