Dan Loeb
Dan Loeb is a prominent value and activist investor, hedge fund manager and philanthropist. He is the CEO and Chief Investment Officer of Third Point LLC, a New York-based hedge fund he founded in 1995. Loeb has been at the forefront of investing in equities, credit and venture capital throughout his career. He is known for launching activist campaigns against corporate boards, shaking up companies in various industries and countries. He has also served on numerous public company boards where he has driven substantial value to shareholders. Prior to Third Point, he worked on both the buy and the sell sides for over a decade, gaining dedicated experience in distressed debt, high yield bond sales, risk arbitrage and private investments.
Dan Loeb Professional Experience / Academic History
Professional Experience
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Founder, CEO, and Chief Investment Officer
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Senior Vice President
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Analyst
Academic History
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A.B., Economics
As CEO and CIO, he leads Third Point in investing in equity and credit securities in U.S. and international markets.
In addition to offering behind-the-scenes advice to numerous companies, he has served on five publicly traded company boards: Ligand Pharmaceuticals; POGO Producing Co.; Massey Energy; Yahoo!; and Sotheby’s, where he helped oversee the successful sale of the company.
Recently, Third Point sold 900,000 shares of Alphabet Class A stock to exit its position in the last quarter of 2023.
He also significantly cut Third Point's stake in Uber and trimmed holdings in other tech companies, including Amazon, Microsoft and Taiwan Semiconductor. Meta was the only tech company to see an increase in share count over Q4.
CURRENT AFFILIATIONS
Member, American Enterprise Institute's National Council
Trustee, United States Olympic Committee
Trustee, Museum of Contemporary Art in Los Angeles
Trustee, Mount Sinai Health System and Ronald M. Loeb Center for Alzheimer’s
EARLY CAREER
Dan's career in finance began at the private equity firm Warburg Pincus, where he worked from 1984 to 1987.
He held various positions in corporate development, risk arbitrage, and high-yield bond sales, gaining valuable experience in the financial industry.
He served as Senior Vice President at Jefferies and later served as Director of Massey Energy and Ligand Pharmaceuticals.
Prior to Third Point, he served as Vice President of High Yield Bond Sales at Citigroup.
RECOGNITIONS
2022 Gustave L. Levy Award, UJA Federation of New York
2020 Alexander Hamilton Award, Manhattan Institute
PHILANTHROPY
The Margaret and Daniel Loeb Foundation supports Alzheimer's research, education reform and LGBT rights.
Through their foundation, he funds a range of organizations that support economic opportunity, education, and medical research.
He launched a new initiative with Paul Singer and the Human Rights Campaign, America's largest LGBT civil rights organization.
MEDIA & APPEARANCES
Dan has been featured in numerous leading financial media outlets and publications, including The New York Times, Forbes, Bloomberg, Reuters, The Wall Street Journal, CNBC, Business Insider, Vanity Fair, Fortune, Fox Business, Financial Times, and Yahoo! Finance.
He has also been featured and quoted in Institutional Investor and MarketWatch.