Dan Loeb’s Activism Is Not Pulling His Hedge Fund Out of the Red

Third Point posted a slight uptick in April, but not enough to turn things around.

Bloomberg / Jeenah Moon

Bloomberg / Jeenah Moon

At the end of 2022, Third Point’s Dan Loeb predicted that the time was ripe for activism. He said stocks were cheap and corporate executives had taken their eye off the ball because of what he called the “delusion” around ESG and “stakeholder capitalism.”

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