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Dan Loeb, founder and main govt officer of 3rd Level.
Activist hedge fund manager Dan Loeb shared his views on the industry and the economy below President Donald Trump in his fourth quarter 2016 letter to traders Wednesday.
Below are the crucial excerpts on matters this sort of as the election, fund’s efficiency, earnings development, industry dangers and volatility.
On the election:
“At last, the U.S. Presidential election was the most significant event of the 12 months and the most crucial paradigm shift given that the fiscal disaster. We did not foresee Trump’s get whilst his election served to crystalize traits that had been having position for some time but had been largely disregarded. Setting up the morning following the election, we took fast techniques to reorganize the portfolio all over investments that we believe will benefit from Trump’s stated coverage objectives.”
On the fund’s efficiency: