Dan Loeb Is Bullish on These Strategies
Here’s where the Third Point founder currently sees the best opportunities.
Dan Loeb’s Third Point is feeling optimistic about structured credit.
In its fourth-quarter letter, made public last week, the multistrategy and activist firm said that it expects the 2023 structured credit market to be an active one. Third Point said it sees “significantly” higher yields than in 2020, and in some cases higher than in the past 15 years, along with more credit protection for these bonds.