Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Dan Loeb Would Have Been Better Off Buying Index Funds Than Yahoo

Hedge Fund News: Dan Loeb, Phil Falcone, CitigroupBloomberg reports that Dan Loeb made $122 million from his $971 million bet on Yahoo (YHOO). It may sound like a lot of money but this is a return of only 12.6% since September. If he had invested $971 million in S&P 500 ETF (SPY) on September 30th, he would have made $192 million (19.8% return). Dan Loeb’s activist stake in Yahoo costed him $70 million so far.