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Third Point Investors Limited (TPNTF)
| Previous close | 22.50 |
| Open | 22.50 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 22.50 - 22.50 |
| 52-week range | 18.00 - 23.19 |
| Volume | |
| Avg. volume | 3,363 |
| Market cap | 1.039B |
| Beta (5Y monthly) | 0.54 |
| PE ratio (TTM) | 3.67 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | N/A |
- Benzinga
Third Point's AI Focus Pays Off As Investments in Alphabet and TSMC Propel Q1 Growth
Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL), Taiwan Semiconductor Manufacturing Co (NYSE:TSM), and London Stock Exchange Group saw increased investments from Third Point LLC due to their AI-driven opportunities. Daniel Loeb, founder and CEO, highlighted its significant distribution and technological edge over competitors. In his investor letter, Loeb praised Alphabet’s ability to leverage AI to improve and monetize its product suite. Additionally, Third Point increased its stakes in Taiwan Semico
- Reuters
UPDATE 3-Loeb's Third Point rises 8% in Q1, driven by activist strategy, source says
Billionaire investor Daniel Loeb's hedge fund Third Point ended the first quarter with its main fund Offshore up 8%, while the Ultra fund rose 8.7%, extending last year's gains with successful activist bets, a source familiar with the matter said. Third Point's investment strategies include activism to push companies for changes. The top engines for gains this year included bets on Advance Auto Parts and Bath & Body Works, companies where Loeb and his team pressed for changes that resulted in new board members.
- Reuters
Loeb's Third Point to delve into private credit investing as a 'complement'
Hedge fund manager Daniel Loeb's firm Third Point will invest in private credit this year as it bets on positive conditions for both credit and equity markets in 2024. "We will be adding private credit as a complement to our existing strategies and expect to begin investing in this new sector in the next few months," Loeb wrote to investors in a letter seen by Reuters on Wednesday. Third Point, which invests roughly $10.6 billion in assets, posted a 3.6% gain in 2023.
