Daniel S. Loeb
Daniel Seth Loeb is an American hedge fund manager and founder of Third Point LLC, a New York based hedge fund managing over $8.8 billion in assets.[1] Loeb is well known in the financial world for writing public letters, in which he expresses disapproval of the performance and conduct of other financial executives.[2] Supporters contend his letter writing is effective shareholder activism; critics counter that his letters are distracting for executives and uncomfortable for investors.[3] Less than 10% of Third Point's total assets under management goes to shareholder activism.[4]
Contents |
[edit] Biography
According to Bloomberg Markets Magazine, Loeb grew up in Santa Monica Canyon in California, where he was an avid surfer and astute investor from a young age. One of three children of his father, an attorney, and his mother, a historian, he attended Palisades Charter High School, which was known more commonly at the time as "Pali High" in the Pacific Palisades neighborhood of Los Angeles. Later, he attended University of California at Berkeley and Columbia University.
Loeb is a graduate of Columbia University; prior to founding Third Point he worked at Citicorp.[5] Loeb reportedly enjoys art collecting, yoga, and surfing.[6] In 2005, Loeb achieved a 500% profit when he sold a painting by Martin Kippenberger.[citation needed] Loeb has argued that the American government is under a 'crisis of leadership' in terms of finances.[7]
Loeb is supporting Mitt Romney for president in 2012, and is hosting a 'young professionals' fundraising party in New York City in March 2012.[8]
[edit] References
- ^ Third Point Partners LLC
- ^ NewYorkMetro.com
- ^ Bloomberg Article on Dan Loeb
- ^ [1]
- ^ Lilac_Invite_final
- ^ DanLoeb_Bloomberg
- ^ America faces 'crisis of leadership', leading Wall St investor warns
- ^ Miller, Zeke (February 15, 2012). "Is Romney Going To Run Out Of Money?: Santorum goes to the small-donor well, but Romney may have to dip into his own pockets to survive the long haul. Looking “under every stone.”". Buzzfeed. http://www.buzzfeed.com/zekejmiller/is-romney-going-to-run-out-of-money. Retrieved February 15, 2012.
[edit] External links
- A Compilation of Daniel Loeb's letters
- Picture of Daniel Loeb
- Daniel Loeb's penthouse at 15 Central Park West
- "The Angry Investor," The New Yorker, April 18, 2005
- Extensive Biographical article from Bloomberg
[edit] Public letters
- Letter to Citadel LLC
- Letter to Horizon Natural Resources
- Letter to Intercept Incorporated
- Letter to Ligand Pharmaceuticals
- Letter to Penn Virginia Corporation
- Letter to Pogo Producing Company
- Letter to Nabi Pharmaceuticals
- Letter to Salton Corporation
- Letter to Star Gas Corporation
- Letter to Western Gas Resources
[edit] Third Point
- Living people
- 1962 births
- American financial analysts
- American hedge fund managers
- American investors
- American Jews
- American money managers
- American philanthropists
- American stock traders
- Columbia University alumni
- People from Los Angeles, California
- Stock and commodity market managers
- University of California, Berkeley alumni
- Yahoo!
