Dan Loeb Is Having A Pretty Okay Year

Author:
Updated:
Original:

These are frothy, giddy times at Third Point.

Daniel Loeb's flagship hedge fund gained 1.4 percent in April, pushing returns to 10.5 percent for the year, according to an investor note reviewed by Reuters.

Third Point, the $11.6 billion hedge fund run by billionaire Dan Loeb, has hired banks for an initial public offering of its reinsurer business, according to three sources familiar with the matter.

Bermuda-based Third Point Re is working with Morgan Stanley, Credit Suisse AG and JPMorgan Chase & Co on a public float that could raise around $250 million later this year, the sources said.

[Reuters]
Loeb's Third Point eyes 2013 IPO for reinsurance arm: sources [Reuters]

Related

Dan Loeb Is A Pretty Swell Guy: Dan Loeb

Anyone suggesting otherwise can just back the hell off.

Dan Loeb Did Pretty Okay For Himself Last Month

He's got a fallback career as a ghostwriter of letters that will cause the recipients to piss their pants in fear but for now it looks like this whole hedge fund manager thing is panning out pretty well.

(YouTube)

Dan Loeb’s October Was Pretty Bad All Around

He’s hoping November will be better, but probably not.

By Captain USA (Own work) [CC BY-SA 3.0], via Wikimedia Commons

Dan Loeb Having His Crunch Bar, Eating It, Too

The Third Point chief’s sweet tooth will not be denied.

Third Point LLC

Dan Loeb On A Sugar High, Finds Outlet For That Energy

The Third Point chief is foaming Nesquik at the mouth.

By Renee Comet (Photographer) [Public domain or Public domain], via Wikimedia Commons

Dan Loeb Opens Up A Spicy Can Of Litigation

He hopes to dump the steaming allegations right into some elderly laps.