Dan Loeb's hedge fund firm Third Point is out with its third quarter letter. In it, they talk about what macro areas they're focused on now, some credit investments, and their Third Point Ventures private portfolio.
Third Point says they're focused on a few key areas:
- "Understanding the global shift from monetary to fiscal policy"
- "Will fiscal expansion become the new world order?"
- Still see "reasons for concern" in China
- Note we're in the "late stages of a business cycle"
- Earnings estimates "may be inflated at these levels"
They touch on their credit positions in Dell and Sprint and also talk about private investments such as Apigee and Akarna Therapeutics, which was acquired by Allergan (AGN).
Embedded below is Third Point's Q3 letter:
Wednesday, November 2, 2016
Third Point's Q3 Letter: Macro Areas They're Focused On
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