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.

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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 called for a split of Sony, criticized United Technologies' planned merger with defense contractor Raytheon and, according to a report by...