Daniel S. Loeb
|Born||Daniel Seth Loeb
December 18, 1961
Santa Monica, California, U.S.
|Residence||New York City, New York, U.S.|
|Alma mater||Columbia University (B.A.)|
|Occupation||Hedge fund manager|
|Known for||Third Point Partners LLC|
|Net worth||US$2.6 billion (May 2016) |
|Spouse(s)||Margaret Davidson Munzer (m. 2004)|
|Parent(s)||Ronald and Clare (née Spark) Loeb|
Daniel Seth Loeb (born December 18, 1961), known as Dan Loeb, is an American hedge fund manager. He is the founder and chief executive of Third Point LLC, a New York-based hedge fund focused on event-driven, value-oriented investing with a portfolio worth $10.8 billion, as of March 2016.
New York magazine noted that Loeb's "preferred strategy" is to buy into troubled companies, replace inefficient management, and return the companies to profitability, which "is the key to his success." Loeb was described as "one of the most successful activists" in 2014. In June 2015, his personal net worth was estimated at $2.7 billion, compared with $2.2 billion in 2014. Loeb has said, "The only thing I care about … is making money for my investors".
- 1 Biography
- 2 Early career
- 3 Third Point Management
- 4 Letters
- 5 Yahoo!
- 6 Sony
- 7 Sotheby's
- 8 Fanuc
- 9 Ligand Pharmaceuticals
- 10 Seven & I
- 11 Philanthropy
- 12 Political activity
- 13 Art collection
- 14 Honors and awards
- 15 Personal life
- 16 References
- 17 External links
At the school, he took AP classes, started a skateboard company and was nicknamed "Milo Minderbinder" by one of his teachers (after a character in the novel Catch-22 who had a fascination with the stock market). His father was a partner at the Los Angeles law firm of Irell & Manella LLP and general counsel for Williams-Sonoma. He also served as an outside director of Mattel, Inc. for over 30 years and during one period became interim President of Mattel. His mother is a historian.
Loeb's great-aunt, Ruth Handler, created the Barbie doll and co-founded Mattel Inc. In 2009, Loeb told an audience "[I] associated success in business with Hot Wheels and Barbie dolls. I think it was a very powerful enforcer early on to like business."
Loeb attended the University of California at Berkeley for two years and subsequently graduated from Columbia University with an economics degree. By his senior year at Columbia, he had made $120,000 in the stock market, but lost it all on an investment in a firm called Puritan-Bennett Inc. The loss taught him a lesson, he later said, in "overconcentrating positions".
Loeb worked at Warburg Pincus, a private equity firm, from 1984 to 1987. He then worked as director of corporate development at Island Records, a record label, where he focused on securing debt financing. After Island Records, Loeb worked as a risk arbitrage analyst at Lafer Equity Investors and then, from 1991 to 1994, as senior vice-president in the distressed debt department at Jefferies LLC. At Jefferies, he focused on bankruptcy analysis, trading bank loans and selling distressed securities. He moved on to become a Citigroup vice president from 1994–95, in charge of high-yield bond sales.
Third Point Management
Under Loeb’s guidance, Third Point Management’s annualized returns since inception (Dec. 1996 – Dec. 2015) total approximately +16.2%. In 2012, the firm returned +21.2%, outperforming the S&P 500's return of +16.0% and making it one of best performing hedge funds that year. In 2013, the firm returned +25.2%, while the S&P 500 returned +32.4%. In 2014, the firm returned +5.7%, while the S&P 500 returned +13.7%. In 2015, the firm returned -1.4%, while the S&P 500 returned +1.4%.
On Wall Street, Loeb has a reputation for "financial savvy" and for "his withering criticism of corporate executives who are unfortunate enough to stumble in his sights". One of Loeb's signature tactics involves letter-writing:
Loeb is well known in Hedgeworld for his attacks on what he views as greedy execs who also happen to be depressing shareholder value. Of shares he owns. "The moral-indignation business", Loeb sometimes calls it.
"Hedge-fund guys love to read Loeb's attacks; 'he articulates what people feel', says one."
Often these letters cite the results of investigations he has ordered, detailing management decisions and actions he considers detrimental to shareholder value. The letters usually accompany his government filings. Loeb once spent more than $4 million to increase his stake in a company to more than 5%, the statutory threshold requiring investor filings with the SEC, in order to file one of his letters criticizing the firm's management. According to New York magazine, "Loeb is proud of his letters, which are thorough, well argued, and filled with clever turns of phrase. (He had a batch prepared for his high-school English teacher.)" A 2005 New Yorker "The Talk of the Town" item described him as "a kind of investor's H. L. Mencken."
In a 2005 letter responding to a job inquiry by a U.K. fund manager Loeb bristled at the applicant's reference to his (the applicant's) "place in society", telling the applicant that he would "have plenty of time to discuss your 'place in society' with the other fellows at the club." At Third Point, Loeb explained, "'one's place in society' does not matter at all. We are a bunch of scrappy guys from diverse backgrounds (Jewish, Muslim, Hindu etc) who enjoy outwitting pompous asses like yourself in financial markets globally." Similarly, in a September 2005 letter to Ligand Pharmaceuticals CEO David Robinson, Loeb expressed wonder that Ligand's board of directors had not shown Robinson "the door long ago – accompanied by a well worn boot planted in the backside."
Loeb sent a letter to John Collins, chairman and CEO of InterCept, in 2004, accusing InterCept of following "a 'good ol' boy' set of ethics", pointing out that InterCept employed Collins' daughter and son-in-law, the latter of whom Loeb had recently reached by phone on a golf course during working hours. Loeb further noted his discovery that InterCept leased a jet from a partnership controlled by Collins and another board member.
He wrote to Irik Sevin, CEO of Star Gas Partners, in February 2005, calling him "one of the most dangerous and incompetent executives in America" and accusing him of "ineptitude" and of using the firm as his "personal 'honey pot'". He wrote: "I was amused to learn, in the course of our investigation, that at Cornell University there is an 'Irik Sevin Scholarship'. One can only pity the poor student who suffers the indignity of attaching your name to his academic record." Loeb demanded the resignation from the firm's board of Sevin's "elderly 78-year old mum" and insisted that Sevin also "step down … so that you can do what you do best: retreat to your waterfront mansion in the Hamptons where you can play tennis and hobnob with your fellow socialites."
A 2005 New York Times article reported that many hedge-fund managers were now writing letters to the SEC demanding executives take specific actions and cited Loeb's letter to Sevin as exemplary of the genre, noting that three weeks after the letter was sent, "Sevin was gone, and a jubilant Mr. Loeb sent out an e-mail message to friends and associates declaring a 'huge victory for Third Point.'"
In 2012, Loeb, who through Third Point LLC, held 5.8% of Yahoo! stock, sought seats on the Yahoo! board for himself, former NBC Universal CEO Jeff Zucker, former Goldman Sachs executive Harry Wilson and former MTV Networks executive Michael J. Wolf.
On May 3, 2012, Loeb revealed that the new CEO of Yahoo!, Scott Thompson, did not have a computer science degree, as had been commonly assumed for many years. Thompson resigned on May 13, 2012. Reuters then announced that Loeb, Wilson and Wolf would become members of the Yahoo! board. Marissa Mayer was then appointed as CEO to replace Thompson. In July 2013, Loeb, Wilson, and Wolf resigned from Yahoo!'s board, leaving Yahoo! with a seven-member board. Yahoo! agreed to buy back 40 million shares at $1.6 billion from Third Point.
On June 18, 2013, Third Point LLC announced it had increased its stake in Sony to 70 million shares, or about 7 percent, valued at $1.4 billion. According to Bloomberg.com, Sony's board of directors considered Loeb's proposal and hired Morgan Stanley and Citigroup, Inc. to evaluate it.
As of May 2014, Sony remained 12 percent lower than when Loeb first suggested for them to split. Sony had its sixth annual loss in seven years with shares dropping 8.8 percent as of May 2014. In February 2014, Sony said it would sell its PC business to buyout Japan industrial Partners Inc. and split its TV manufacturing unit into an independently operated entity. Ayano Iguchi, a company spokeswoman, said Sony was "focused on creating shareholder value by executing on our plan to revitalize and grow the electronics business, while further strengthening the entertainment and financial service businesses." Chris Konstantinos, director of international portfolio managements at RiverFront stated that a breakup was "long overdue."
In October 2014, Loeb sold his shares in Sony and later wrote, “They have a long way to go and we continue to believe that more urgency will be necessary to definitively turn around the company’s fortunes".
In October 2013, Loeb issued a letter scrutinizing the governance of Sotheby's. It announced that Third Point had acquired "9.3% of the outstanding shares" and addressed Third Point's concerns regarding the governance of Sotheby's. These concerns are summarized as, "we are troubled by the Company's chronically weak operating margins and deteriorating competitive position relative to Christie's, as evidenced by each of the Contemporary and Modern art evening sales over the last several years." The letter expressed strong skepticism of Sotheby's international strategy—"Sotheby's is struggling internationally, lagging in newer markets like China and the Middle East"—and called for the removal of William Ruprecht from all his positions.
After Sotheby's instituted a "poison pill" to stop Third Point from growing its position past 10%, Third Point brought a lawsuit in the state of Delaware; however, on May 3, 2014, Vice Chancellor Donald Parsons of the Delaware Court of Chancery ruled that the auction house was justified in its use of the corporate action. On May 5, Loeb and Sotheby's reached an agreement, stipulating that Loeb, Olivier Reza and Harry J. Wilson join the board in exchange for Third Point having an ownership cap at 15%. William Ruprecht remained CEO and the proxy contest ceased. After 35 years at Sotheby's, Ruprecht retired as CEO. On March 16, 2015, Sotheby's named Tad Smith as its new president and chief executive.
In late 2014, Loeb's Third Point took a stake in Fanuc, a robotics and computer numerical controls firm. Prior, Fanuc seldom made direct contact with its investors but in March 2014, the company decided "it would start talking to shareholders" and "return some of its cash to them." Loeb met with Fanuc's President, Yoshiharu Inaba, with encouragement from Japan's government officials, and was deemed a top prospect for "shaking up Japanese firms."
In January 2007, when John Higgins became CEO of Ligand Pharmaceuticals, Loeb bought into the biotech firm to cut its losses and grow revenue. Loeb invested $50 million, increased the company’s profit to $250 million, and bought back $68 million in stock.
Seven & I
In April 2016, Loeb won a battle in his drive to shake up corporate Japan who had "been sheltered from agitating investors." Seven & I Holdings Co.'s board was planning to replace Ryuichi Isaka as head of the company however, Loeb recommended Isaka as a successor to Toshifumi Suzuki, chairman and chief executive. On April 7, Suzuki resigned after losing a boardroom dispute with Loeb. Loeb wrote in a March 27, 2016 letter to Seven & I directors, "Mr. Isaka should be rewarded—not demoted—for his performance and commitment to delivering results for shareholders... This isn’t a dynasty. This is a corporation." Loeb has pushed for the company to focus on its convenience store line while ridding its plans to expand its department and supermarket store franchises.
The Daniel S Loeb Family Third Point Foundation
The Daniel S Loeb Family Third Point Foundation earned $6.39 million in profits in 2011 and had $4.45 billion in assets at the end of that year, making it one of the largest and highest-earning private foundations. Its nonprofit administrative expense ratio, a measure of its operating and administrating expenses, was 0.44%, compared to the 2011 average of 19.7% for all private foundations.
Loeb is heavily involved in education reform efforts, specifically supporting charter schools. Loeb is chairman of the board of Success Academy Charter Schools in Brooklyn. In June 2013, he pledged to donate $3 million to Success Academy Charter Schools.
He endowed the Daniel S. Loeb Scholarship for undergraduate study at Columbia University. Since 2004, he has been a trustee of Prep for Prep, an organization in New York City that prepares underprivileged children to attend competitive private schools. He is active in the Jewish Enrichment Center, which provides young people with an education in Judaism. Additionally, he is a co-founder of Students First New York, the state branch of the national education advocacy organization.
On February 20, 2014, Loeb attended a discussion between the American Enterprise Institute and the Dalai Lama. The two worldviews debated the morality of capitalism and free enterprise. In Loeb's presentation, he said he practices Ashtanga yoga and applies yoga principles to his business and his decision-making. He noted that these principles aided in his decision to donate to a charter school in the Bronx, which is now ranked third in the state of New York.
In October 2011, Loeb challenged three former Navy SEALs to run the "MightyMan" Half Iron Triathlon with him and his team in Montauk, New York. He made a sizable contribution for each Navy SEAL Foundation director who completed the triathlon to raise funds for the foundation.
In 2011, 2012, and 2013, Loeb and his wife made significant donations to the Alzheimer's Drug Discovery Foundation (ADDF), which funds over 400 Alzheimer's drug discovery programs in academic centers and biotechnology companies in 18 different countries.
Loeb was co-chair of the Governors for Investors Industry (2013). He is a trustee of Mount Sinai Hospital, the Manhattan Institute, the U.S. Olympic Committee and the Los Angeles Museum of Contemporary Art. He is a member of the Council on Foreign Relations and of the National Council of the American Enterprise Institute.
In response to the 2016 United States presidential race, Loeb stated, "We have some very unusual personalities involved in this election. I think they’re giving people some concern... I’m not going to predict the outcome, but we’re obviously watching the polling very closely. And I think that the election is important, but I think the polling would suggest that we would be in reasonable shape in this election.”
Loeb and his wife are avid art collectors who have frequently appeared on Art News's annual list of 200 top art collectors. Art News describes them as specializing in postwar and contemporary art and in "feminist art". "Loeb is a prominent art collector and the walls at his Park Avenue office are covered with paintings", according to a New York Times August 26, 2013 article. At a Sotheby's auction in 2009, Manhattan dealer Larry Gagosian purchased Jeff Koons' Baroque Egg With Bow (Turquoise/Magenta) for $5.4 million from Loeb, who had bought it from the Gagosian Gallery in 2004 for about $3 million.
Loeb has traced his love of art to his student years at Columbia, when he saw Poussin's The Rape of the Sabine Women at the Metropolitan Museum of Art and took an art humanities class as part of the core curriculum. The "prep school kids" treated him like a "jerk", thinking they "all knew so much more", but in the end "I got one of two A's, and all the prep school snotty kids didn't."
Business Insider placed Loeb at the top of its list of "Wall Street's 25 Most Serious Art Collectors", noting he owns works by Mike Kelley, Richard Prince, Basquiat, Andy Warhol and Cindy Sherman, and that he “has his own curator.”
Honors and awards
Loeb was recognized by New York Governor Andrew Cuomo in 2011 for advocating for marriage equality legislation in New York State. In 2012, Columbia University presented Loeb with the John Jay Award for distinguished professional achievement.
Loeb married Margaret Davidson Munzer on July 4, 2004, at his beach house in East Hampton, New York. The couple has three children. Loeb is a founding "Master Player" of Portfolios with Purpose, an annual virtual stock trading contest that raises money for charitable causes of the winning contestants' choice.
Loeb has called himself a "lifelong surfer" with "a 'secret spot' in the Caribbean". His second favorite surfing spot is in Indonesia. Third Point takes its name from "a break at Malibu's Surfrider Beach."
- Forbes Billionaires: Daniel Loeb February 2016
- Fishman, Steve. "Get Richest Quickest". New York Magazine. Retrieved October 31, 2013.
- "Dan Loeb Bio, Returns, Net Worth". Insider Monkey. Retrieved 18 June 2016.
- "Third Point – About Us". Third Point LLC. Retrieved May 31, 2016.
- Oleinic, Alex (30 March 2015). "Why You Should Follow Billionaire Dan Loeb's Small-Cap Picks". Seeking Alpha. Retrieved 19 April 2015.
- Vardi, Nathan. "World's Richest Hedge Fund Managers & Traders". Forbes. Retrieved October 31, 2013.
- Weddings\Celebrations; Margaret Munzer, Daniel Loeb", New York Times, July 4, 2004; retrieved August 5, 2013.
- Gopinath, Deepak Hedgefund Rabble Rouser Bloomberg Markets, October 2005; retrieved August 5, 2013.
- Kampeas, Ron "Jewish, Republican, pro-gay rights", JTA, May 14, 2011.
- La Roche, Julia. "The Fabulous Life Of Dan Loeb – The Hedge Fund Manager At War Against Bill Ackman". Business insider. Retrieved October 31, 2013.
- Bailey, Brandon "Daniel Loeb: Southern California native a hedge fund manager who takes on corporate executives", Silicon Valley, May 5, 2012; retrieved May 14, 2012.
- "Daniel Loeb profile at". Salt Conference. Retrieved October 31, 2013.
- La Roche, Julia. "He didn't always work in finance, though. Loeb left the private equity world in 1987 to work for a record label.". Business Insider. Retrieved October 31, 2013.
- Vardi, Nathan (February 26, 2013), "The 40 Highest-Earning Hedge Fund Managers & Traders 2013", Forbes, retrieved April 26, 2014
- "Third Point Management's Returns" (PDF). Retrieved 13 May 2016.
- "Third Point Management's Returns" (PDF). Retrieved 16 May 2016.
- "2012 Hedge fund performance". Retrieved 13 May 2016.
- "Third Point Management's Returns" (PDF). Retrieved 16 May 2016.
- "Third Point Management's Returns" (PDF). Retrieved 16 May 2016.
- "Third Point Management's Returns" (PDF). Retrieved 31 May 2016.
- Neuman, William (January 8, 2006). "BIG DEAL; A Town House for a Penthouse". The New York Times. Retrieved October 31, 2013.
- La Roche, Julia. "In 2004, Loeb sent a letter to InterCept's chairman and CEO John Collins calling them the 'worst' management team.". Business Insider. Retrieved October 31, 2013.
- Atlas, Riva (August 16, 2005). "Some Funds Taking Role Far Beyond Just Investor". New York Times. Retrieved October 31, 2013.
- Brady, Diane (May 8, 2012). "Why Dan Loeb Loves Yahoo's Resume Gate". Businessweek. Retrieved November 26, 2013.
- De La Merced, Michael (May 4, 2012). "Hedge Fund Intensifies Attack on Yahoo Amid Storm Over Padded Résumés". New York Times. Retrieved November 26, 2013.
- Tsukayama, Hayley (May 4, 2012). "Yahoo! says CEO Scott Thompson does not have computer science degree". Washington Post. Retrieved November 26, 2013.
- Swisher, Kara (May 13, 2012). "Exclusive: Yahoo's Thompson Out; Levinsohn In; Board Settlement With Loeb Nears Completion". All Things D. Retrieved November 26, 2013.
- Oreskovic, Alexei (May 14, 2013). "Yahoo CEO out, investor Loeb gets board seats". Reuters. Retrieved November 26, 2013.
- Alden, William (July 22, 2013). "Activist Investor to Step Down From Yahoo Board". New York Times. Retrieved December 1, 2013.
- Alden, William (July 24, 2013). "A Possible Crippling Blow for SAC". New York Times. Retrieved December 1, 2013.
- Riley, Charles Hedge fund targets Sony for spin-off CNNMoney.com, May 14, 2013; retrieved August 5, 2013.
- "Dan Loeb letter to Sony", CNNMoney.com; accessed April 26, 2014.
- Yasu, Mariko and Naoko Fujimura "Sony Directors Discuss Loeb's Proposal for Entertainment IPO", Bloomberg Businessweek, May 22, 2013; retrieved August 5, 2013.
- "Third Point ups Sony stake, calls for independent entertainment board", 4-Traders.com, June 18, 2013; retrieved August 5, 2013.
- Hyuga,Takahiko, Mariko Yasu and Jonathan Browning "Sony Said to Hire Morgan Stanley, Citigroup for Loeb Plan", Bloomberg.com, May 31, 2013; retrieved August 5, 2013.
- De La Merced, Michael J. George Clooney Rebuts Loeb's Critique of Sony New York Times, August 2, 2013; retrieved August 5, 2013.
- Winch, Jessica "George Clooney slams Daniel Loeb over Sony", The Sunday Telegraph, August 4, 2013; retrieved August 5, 2013.
- Sutherland, Brooke (19 May 2014). "Sony Taking Loeb Breakup Advice Better Late Than Never: Real M&A". BusinessWeek. Retrieved 21 May 2014.
- Miller, Daniel (October 21, 2014). "Activist investor Dan Loeb sells stake in Sony Corp.". LA Times. Retrieved 26 March 2015.
- Lang, Brent (October 21, 2014). "Daniel Loeb, Third Point Exit Sony Investment". Variety. Retrieved 26 March 2015.
- SEC records regarding Loeb, Sotheby's, sec.gov; accessed May 7, 2014.
- "Loeb and Sotheby's reach a deal", dealbook.nytimes.com, May 5, 2014; accessed May 7, 2014.
- Sotheby's and Loeb reach deal, businessweek.com, May 7, 2014; accessed May 7, 2014.
- Crow, Kelly (March 16, 2015). "Sotheby's Picks Sports Executive as New CEO". Wall Street Journal. Retrieved 25 March 2015.
- La Roche, Julia. "Tad Smith new CEO of Sotheby's". Business Insider. Retrieved 25 March 2015.
- "Winds of Change". The Economist. 6 June 2015. Retrieved 9 June 2015.
- SANG-HUN, CHOE; GOUGH, NEIL (17 July 2015). "Samsung Fight Exposes Tension in Asia Over Activist Investors". New York Times. Retrieved 19 January 2016.
- Pfanner, Eric. "Third Point: Fanuc Taking 'Important Steps' to Reward Shareholders". Wall Street Journal. Retrieved 17 March 2016.
- Fisher, Daniel. "Life After Loeb: Ligand Pharmaceuticals Prospers In Stripped-Down Mode". Forbes. Forbes. Retrieved 6 July 2015.
- Tickling, David (7 April 2016). "Seven & I Battle Has Just Begun". Bloomberg. Retrieved 9 April 2016.
- FUJIKAWA, MEGUMI; NARIOKA, KOSAKU (7 April 2016). "7-Eleven CEO Resigns as Loeb's Hedge Fund Prevails in Japan Boardroom Fight". Wall Street Journal. Retrieved 9 April 2016.
- Trudell, Craig (7 April 2016). "Loeb Prevails in Latest Crusade to Reform Corporate Japan". Bloomberg. Retrieved 17 May 2016.
- Shen, Lucinda (October 6, 2016). "You're About to See More 7-Elevens In Your Town". Fortune. Retrieved 17 October 2016.
- "Daniel S Loeb Family Third Point Foundation". 501c3 Look up. Retrieved October 31, 2013.
- La Roche, Julia. "Hedge fund titans raised an 'unprecedented' $35 million for New York City's largest charter school network Monday night". Business Insider. Retrieved 18 June 2016.
- Hussain, Tabinda (June 12, 2013). "When Dan Loeb Gets Angry He Likes to Donate to Charity". Value Walk. Retrieved 18 June 2016.
- Clift, Eleanor (February 21, 2014). "At American Enterprise Institute, NeoCons Say 'Hello, Dalai'". The Daily Beast. Retrieved March 5, 2014.
- La Roche, Julia (February 20, 2014). "What Dan Loeb Told The Dalai Lama". Business Insider. Retrieved March 5, 2014.
- Avlon, John (February 28, 2013). "The Pro-Freedom Republicans Are Coming: 131 Sign Gay-Marriage Brief". The Daily Beast. Retrieved November 26, 2013.
- Weidner, David. "Why Wall Street went for gay marriage". Market Watch. Retrieved October 31, 2013.
- De La Merced, Michael (June 26, 2011). "The Financiers Who Helped Back N.Y. Gay Marriage Campaign". Dealbook. Retrieved October 31, 2013.
- Wachtel, Katya. "Lloyd Blankfein, Dan Loeb, And John Mack All Support Gay Couples Putting A Ring On It". Business Insider. Retrieved October 31, 2013.
- Polaski, Adam (June 8, 2015). "Freedom For All Americans". Freedom For All Americans. Retrieved October 3, 2016.
- Carney, John (September 28, 2011). "Hedge Fund Manager Loeb Challenges Navy Seals to a Race". Retrieved April 25, 2014.
- La Roche, Julia (August 22, 2013). "Dan Loeb May Be A Great Activist Investor, But His Triathlon Times Are Pretty Lame". Business Insider. Retrieved April 25, 2014.
- Basar, Shanny (September 30, 2011). "Hedge fund managers vs Navy Seals". Financial News. Retrieved April 25, 2014.
- "Conquering Alzheimer's Through Drug Discovery" (PDF). Alzheimer's Drug Discovery Foundation. Alzheimer's Drug Discovery Foundation. Retrieved 3 October 2014.
- "Hope on the Horizon" (PDF). Alzheimer's Drug Discovery Foundation. Retrieved 3 October 2014.
- "Conquering Alzheimer's Through Drug Discovery" (PDF). Alzheimer's Drug Discovery Foundation. Retrieved 3 October 2014.
- "Loeb Family – Third Point Foundation: Grants for Health". Inside Philanthropy. Retrieved 3 October 2014.
- "Daniel S. Loeb profile at". World Economic Forum. Retrieved October 31, 2013.
- Chiglinsky, Katherine (August 5, 2016). "Loeb Says U.S. Elections Are Unlike Brexit Despite Populist Vote". Bloomberg. Retrieved 13 August 2016.
- "The 2012 ARTnews 200 Top Collectors". Art News. Retrieved October 31, 2013.
- "The 2010 ARTnews 200 Top Collectors". Art News. Retrieved October 31, 2013.
- "The 2009 ARTnews 200 Top Collectors". Art News.
- "The 2008 ARTnews 200 Top Collectors". Art News. Retrieved October 31, 2013.
- "The ARTnews 200". Art News. Retrieved October 31, 2013.
- "The 2006 ARTnews 200 Top Collectors". Art News. Retrieved October 31, 2013.
- Stevenson, Alexandra (August 26, 2013). "Third Point Hedge Fund Increases Sotheby's Stake". Dealbook New York Times. Retrieved October 31, 2013.
- Vogel, Carol (May 13, 2009). "In 'a Recalibrated Market', Auction Buyers Take Over". New York Times. Retrieved October 31, 2013.
- La Roche, Julia. "Outside of his hedge fund, Loeb has an impressive art collection, which has actually proved to be a good investment.". Business Insider. Retrieved October 31, 2013.
- Wachtel, Katya. "Meet Wall Street's 25 Most Serious Art Collectors". Business Insider. Retrieved October 31, 2013.
- "Who Is Dan Loeb – Business Insider". Business Insider. 10 January 2013.
- Ziegler, Maseena (December 1, 2012). "When Quitting Is Not An Option – How You Can Find Purpose And Fulfillment Through Your Career". Forbes. Retrieved December 27, 2012.
- La Roche, Julia. "Growing up near the beach, Loeb always been a life-long surfer.". Business Insider. Retrieved October 31, 2013.
- La Roche, Julia. "His hedge fund Third Point got its name from Loeb's love of surfing.". Business Insider. Retrieved October 31, 2013.
- Goodkind, Nicole. "Could this be the key to success on Wall Street? Hedge fund billionaire Ray Dalio thinks so". Retrieved May 15, 2014.
The technique requires 20 minutes of silent meditation two times a day and is popular with folks like Bridgewater's Ray Dalio (who offers TM to his 400 employees), Bill Gross, Dan Loeb, Nigol Koulajian (Quest Partners) and Kevin Kimberlin (Spencer Trask & Co).