Third Point Sharply Boosts Exposure to Equities

But the multistrat fund headed by Dan Loeb is also very bullish on credit.

Dan Loeb, CEO of Third Point (David Paul Morris/Bloomberg)

Dan Loeb, CEO of Third Point

(David Paul Morris/Bloomberg)

Third Point has significantly increased its equity exposure in recent weeks.

In its second-quarter letter, made public Thursday, the multistrategy hedge fund headed by Dan Loeb told clients that after taking exposures “to almost zero,” in recent weeks, it has lifted its net exposure to over 40 percent as it identified several new positions and covered most of its single-name shorts.

Third

To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.

Related