⁍ Daniel Loeb’s hedge fund Third Point LLC took new positions in technology companies including Alibaba and Amazon.
⁍ The billionaire investor who founded Third Point a quarter century ago also told clients in a letter that he bought a stake in The Walt Disney Company.
– Daniel Loeb’s Third Point hedge fund returned an impressive 10.4% in the second quarter, Reuters reports. According to a letter seen by the news agency, Third Point took new positions in Amazon, Alibaba, and Netflix. Loeb, who returned to the helm of Third Point in May, also bought a stake in Disney.
Source: https://www.reuters.com/article/hedgefunds-thirdpoint/third-point-takes-new-positions-in-tech-stocks-trims-earlier-losses-idUSL1N2F815A