Daniel Loeb founded Third Point LLC, an $18 billion asset management firm headquartered in New York, in 1995. As Chief Executive Officer, he leads portfolio management and research activities. Third Point invests globally in equities and in credit, and frequently takes a constructive approach to engaging with management teams and boards of directors to bring about changes necessary to create shareholder value. The firm manages capital for an investor base that includes sovereign wealth funds, corporate and government pensions, insurance and reinsurance companies, emerging and developed markets, ultra-high net worth individuals, and international private banks. Third Point has generated a net annualized return of 19% since 1995 for its investors.
Before founding Third Point, Daniel worked in the securities industry for over a decade, gaining dedicated experience in equities, distressed debt, high-yield bond sales, risk arbitrage and private investments. Immediately before founding Third Point, Daniel was Vice-President of high-yield bond sales at Citigroup. Prior to that, he was a Senior Vice-President in the distressed debt department at Jefferies & Co., where he worked as an analyst, bank loan trader and bond salesman. Before Jefferies, Daniel was a risk arbitrage Analyst at Lafer Equity Investors. He started his career as an Associate in private equity and venture capital at Warburg Pincus.
Over the past fifteen years, Daniel has served on five publicly-traded company boards: Ligand Pharmaceuticals; POGO Producing Co.; Massey Energy; Yahoo!; and Sotheby’s, where he is a current board member. Daniel has served on numerous Board Committees including Executive, Compensation, Nominating and Corporate Governance, and Business Strategy.
Daniel’s philanthropic interests revolve around social justice, economic opportunity, and human rights. He is a strong advocate for expanding educational opportunity, improving America’s criminal justice system, and advancing freedom for LGBT individuals in the US and around the world. Daniel serves as chairman of the board of Success Academy Charter Schools, America’s highest-performing public charter school network. He supports a number of medical research initiatives, including the Ronald M. Loeb Center for Alzheimer’s Disease at Mount Sinai Health System in New York City, named for his father, where Daniel is also a trustee. He is a Member of the Council on Foreign Relations.
Daniel graduated from Columbia University with an A.B. in economics in 1983, endowed the Daniel S. Loeb Scholarship for undergraduate study there, and received the school’s John Jay Award for distinguished professional achievement.