Daniel S. Loeb

Quick Facts

Full Name	Daniel S. Loeb
Occupation	Investor
Date Of Birth	Dec 18, 1961(1961-12-18)
Age	63
Birthplace	Santa Monica
Country	United States
Birth City	California
Horoscope	Sagittarius

Daniel S. Loeb Biography

Daniel S. Loeb is one of the most popular and richest Investor who was born on December 18, 1961 in Santa Monica, California, United States.

From 1984-87, Loeb worked at private equity firm Warburg Pincus. He then worked as director of corporate development at Island Records, a record label, where he focused on securing debt financing. After Island Records, Loeb worked as a risk arbitrage analyst at Lafer Equity Investors and then, from 1991–94, as senior vice-president in the distressed debt department at Jefferies LLC, where he focused on bankruptcy analysis, trading bank loans and selling distressed securities. He moved on to become a Citigroup vice president from 1994–95, in charge of high-yield bond sales.

Loeb started Third Point Management in 1995 “with $3.3 million from family and friends”. Under Loeb’s guidance, Third Point Management’s annualized returns since inception (Dec. 1996 – Dec. 2015) total approximately +16.2%. In 2012, the firm returned +21.2%, outperforming the S&P 500’s return of +16.0% and making it one of best performing hedge funds that year. In 2013, the firm returned +25.2%, while the S&P 500 returned +32.4%. Loeb appeared in Forbes’ 2013 list of the world’s 40 richest hedge-fund managers and traders. In 2014, the firm returned +5.7%, while the S&P 500 returned +13.7%. In 2015, the firm returned -1.4%, while the S&P 500 returned +1.4%. In 2017, it was reported the firm returned 18.1% net of fees in the first 11 months of the year.

Daniel S. Loeb Net Worth

Daniel S. Loeb is one of the richest Investor from United States. According to our analysis, Wikipedia, Forbes & Business Insider, Daniel S. Loeb 's net worth 2.8 billion USD (2020). (Last Update: December 11, 2023)

Daniel Seth Loeb (born December 18, 1961) is an American investor, hedge fund manager, and philanthropist. He is the founder and chief executive of Third Point, a New York-based hedge fund focused on event-driven, value-oriented investing with $10.8 billion in assets under management, as of March 2016.

Height, Weight & Body Measurements

Daniel S. Loeb height Not available right now. Danny weight Not Known & body measurements will update soon.

Who is Daniel S. Loeb Dating?

According to our records, Daniel S. Loeb married to Margaret Davidson Munzer. As of December 1, 2023, Daniel S. Loeb’s is not dating anyone.

Relationships Record : We have no records of past relationships for Daniel S. Loeb. You may help us to build the dating records for Daniel S. Loeb!

He wrote to Irik Sevin, CEO of Star Gas Partners, in February 2005, calling him “one of the most dangerous and incompetent executives in America” and accusing him of “ineptitude” and of using the firm as his “personal ‘honey pot'”. He wrote: “I was amused to learn, in the course of our investigation, that at Cornell University there is an ‘Irik Sevin Scholarship’. One can only pity the poor student who suffers the indignity of attaching your name to his academic record.” Loeb demanded the resignation from the firm’s board of Sevin’s “elderly 78-year old mom” and insisted that Sevin also “step down … so that you can do what you do best: retreat to your waterfront mansion in the Hamptons where you can play tennis and hobnob with your fellow socialites.”

Facts & Trivia

Danny Ranked on the list of most popular Investor. Also ranked in the elit list of famous people born in United States. Daniel S. Loeb celebrates birthday on December 18 of every year.

Often these letters cite the results of investigations he has ordered, detailing management decisions and actions he considers detrimental to shareholder value. The letters usually accompany his government filings. Loeb once spent more than $4 million to increase his stake in a company to more than 5%, the statutory threshold requiring investor filings with the SEC, in order to file one of his letters criticizing the firm’s management. According to New York magazine, “Loeb is proud of his letters, which are thorough, well argued, and filled with clever turns of phrase. (He had a batch prepared for his high-school English teacher.)” A 2005 New Yorker “The Talk of the Town” item described him as “a kind of investor’s H. L. Mencken.”

Top Facts about Daniel S. Loeb

1. Daniel S. Loeb is a billionaire hedge fund manager.
2. He founded Third Point LLC in 1995.
3. Loeb has an estimated net worth of $3 billion.
4. He is known for his activist investing strategies.
5. Loeb has been involved in high-profile corporate battles, including Yahoo and Sony.
6. In 2018, he launched a proxy fight against Campbell Soup Company’s board of directors.
7. Loeb is a major political donor to both Republican and Democratic candidates.
8. He graduated from Columbia University with a degree in economics.
9. Loeb serves on the board of trustees for the Museum of Contemporary Art in Los Angeles.
10. He is married with three children and resides in New York City.