Dan Loeb, founder of New York based hedge fund Third Point, has more than $4 Billion in assets under management (AUM). He’s a very outspoken investor and a pioneer in activist investing. Dan Loeb made $150 Million in 2005, $200 Million in 2006, and $270 Million in 2007. Third Point’s flagship fund returned 41.7% in 2010. Third Point Offshore returned 18.8% annually since its inception in 1996. S&P 500 returned 5.9% since then.
Dan Loeb initiated positions in 14 stocks in the second quarter. Third Point now has about $162 Million in The Mosaic Company (MOS), $87 Million in Freeport-McMoran (FCX), $84 Million in Barrick Gold (ABX), $72 Million in Cablevision (CVC), $53 Million in Expedia (EXPE), $47 Million in ON Semiconductor (ONNN), $45 Million in Freescale Semiconductor (FSL), $38 Million in British Petroleum (BP), $30 Million in Sandisk (SNDK), $24 Million in Quest Diagnostics (DGX), $23 Million in Newell Rubbermaid (NWL), $5 Million in Lone Pine Resources (LPR), and small positions in gold puts and Northern Oil & Gas puts.