Dan Loeb's Fund Made $400 Million On The Election
Third Point gained almost $400 million via a bullish positioning in stocks prior to the election even as other investors were betting on chaos.
Third Point gained almost $400 million via a bullish positioning in stocks prior to the election even as other investors were betting on chaos.
LPL called the popular vote. Now the firm's strategist is savoring the idea of divided government giving stocks a decent (if not great) year ahead.
The sector is trading at its lowest relative valuation in at least 40 years, according to Goldman Sachs' David Kostin.
But once a vaccine becomes widely available, the founder of Pershing Square Capital Management expects boom times for the economy.
The Japan- and industrial-heavy portfolio is underperforming the market but individual positions have done extremely well. Where does he go from here?
He has a "dissenting view" longer term because he's concerned about the $20 trillion of national debt in the US being a drag on future market returns.
The founder of the $138 billion Bridgewater Associates hedge fund explained why he isn't confident the country can return to civility right away.