{"id":11184,"date":"2009-08-05T00:00:00","date_gmt":"2009-08-05T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"daniel-loebs-third-point-q2-investor-letter","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2009\/daniel-loebs-third-point-q2-investor-letter.html","title":{"rendered":"Daniel Loeb&#8217;s Third Point Q2 Investor Letter"},"content":{"rendered":"<p>CNBC Stocks &#8211; The hedge fund says that with a &ldquo;doomsday scenario off the table&rdquo; in the second quarter, it put capital to work in distressed debt and significantly undervalued turn-around situations. <\/p>\n<p class=\"textBodyBlack\">In terms of asset allocation, the fund reports that by June 30, net exposure in its long\/short strategy was 37 percent, up from -3.4 percent on April 1. Allocation to credit grew to over 40 percent and risk arbitrage, 20 percent of the portfolio. <\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.cnbc.com\/id\/32285111?FORM=ZZNR8\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CNBC Stocks &#8211; The hedge fund says that with a &ldquo;doomsday scenario off the table&rdquo; in the second quarter, it put capital to work in distressed debt and significantly undervalued turn-around situations. In terms of asset allocation, the fund reports [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[7363,3194,2570,1182,14948,11148,5989,3609,353],"class_list":["post-11184","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-april-1","tag-asset-allocation","tag-cnbc","tag-distressed-debt","tag-doomsday-scenario","tag-hedge-fund","tag-risk-arbitrage","tag-second-quarter","tag-stocks"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11184","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=11184"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11184\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=11184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=11184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=11184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}