(Reuters) Billionaire investor Daniel Loeb said on Thursday that he is still making money even as the hedge fund industry struggles. Loeb, who oversees the $16 billion hedge fund firm Third Point LLC, said there are ways to earn money on mergers and acquisitions and by nudging company management to perform better. Although not primarily known for corporate activism, Third Point recently suggested to Honeywell International Inc that the company spin off its aerospace unit, which has been a drag on performance.
Third Point’s Loeb Surfs on as Hedge Fund Washout Continues
This entry was posted in Syndicated. Bookmark the permalink.
