Dan Loeb’s Third Point has been having a banner year so far, with year-to-date returns ranging from 29.5% to 36.5% for each of the firm’s four funds. Loeb’s team highlighted Upstart Holdings in their September letter to investors. Q 2021 hedge fund letters, conferences and more Banking On Upstart Holdings However, a quick glance at the letter could leave you underestimating the importance of this one position for Third Point. The breakdown accompanying the letter reveals that Upstart was by far Loeb’s best-performing position with a 5.6% attribution to the fund’s return in September. The next-closest contributor was PG&E, with…
Dan Loeb Is Killing It In 2021 Thanks To A Massive Stake In This Soaring Stock [Exclusive]
Michelle deBoer-Jones
Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.