This content is from: Premium

Dan Loeb’s Third Point Loses on Argentina

A bad bet on sovereign debt overshadows its activist gains.

The activist positions Dan Loeb is so well known for have been among his Third Point hedge fund’s top five performers in 2019, but a bet on Argentina sovereign debt managed to tip it into the red for the third quarter.“Our largest loss in the third quarter was in Argentine

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

Related Content