| Daniel S. Loeb |
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Daniel Seth Loeb is an American Hedge Fund manager and founder of Third Point LLC, a New York based Hedge Fund managing over $3.5 billion in assets [http://ddo.typepad.com/ddo/files/DanLoeb_Bloomberg.pdf . Loeb is well known in the financial world for writing public letters in which he expresses disapproval of the performance and conduct of other financial executives Supporters contend his letter writing is effective shareholder activism; critics counter that his letters are distracting for executives and uncomfortable for investors [http://ddo.typepad.com/ddo/files/DanLoeb_Bloomberg.pdf . Less than 10% of Third Point's $3.8 billion goes to shareholder activism [http://www.dailyii.com/article.asp?PositionID=2597&ArticleID=1040590&stage=True&zonZoneID=156&pagPageID=218]. Loeb is a graduate of , Loeb achieved a 500% profit when he sold a painting by Martin Kippenberger . BIOGRAPHY According to Bloomberg Markets Magazine, Loeb grew up in Santa Monica Canyon in California , where he was an avid surfer and astute investor from a young age. One of three children of his father, an attorney, and his mother, a historian, he attended Palisades Charter High School , which was known more commonly at the time as "Pali High" in Pacific Palisades , which is also near Los Angeles . Later he attended University Of California At Berkeley and Columbia University . WEALTH Loeb's , Loeb purchased a $45 million penthouse in Manhattan {Link without Title} . REFERENCES EXTERNAL LINKS
Public letters
Third Point |
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