SEC 13F filings, Third Point quarterly letters, Institutional Investor
Daniel Seth Loeb is the founder and CEO of Third Point LLC, an activist hedge fund managing approximately $12 billion in assets. Loeb is known for his aggressive activist campaigns and his sharp, sometimes confrontational letters to company boards.
Loeb grew up in Santa Monica, California, graduated from Columbia University, and worked in private equity and distressed debt before founding Third Point in 1995 with $3.3 million. The fund's activist approach targets companies Loeb believes are undervalued due to poor management or strategic missteps.
Third Point has generated annualised net returns of approximately 15% since inception, with notable activist campaigns at companies including Yahoo, Nestlé, Disney, and Bath & Body Works. Loeb is also an avid surfer and art collector. His net worth is estimated at approximately $3.8 billion.