Dan Loeb

Dan Loeb founded Third Point LLC in 1995, building it into one of the most prominent event-driven and activist hedge funds in the US. Third Point is known for taking concentrated positions and then writing highly critical, sometimes publicly released letters to management teams and boards demanding strategic changes. Notable campaigns include Yahoo (where Loeb pushed for CEO changes and eventually a sale to Microsoft negotiations), Sony (where he pressed for partial spin-offs), Nestlé (calling for portfolio streamlining and higher returns), Shell (pushing for separation of renewables and fossil fuels), and various other global corporations. Loeb's letters are known for their blunt, literary prose style and for naming specific individuals. Third Point also runs a structured products and credit strategy alongside its equity activism work.