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MarketScreener Homepage  >  News  >  Business Leaders  >  Business Leaders Biography

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Portrait de Daniel Loeb
Age : 56
Public asset : 132,134,327 USD
Country of residence : Unknown
Linked companies : Sothebys

Summary 
Mr. Daniel S. Loeb is an Independent Director at Sotheby's, a Chief Executive Officer at Third Point LLC, a Founder & CEO at Third Point Ventures LLC, a Chairman at Success Academy Charter Schools, Inc., a Member at Council on Foreign Relations, Inc., a Member at The Brookings Institution, a Member at The Washington Institute for Near East Policy and a Member-National Council at American Enterprise Institute for Public Policy Research.

He is on the Board of Directors at Sotheby's, Manhattan Institute For Policy Research, Inc., Prep for Prep, The Mount Sinai Hospital, The Museum of Contemporary Art, Los Angeles, The United States Olympic Endowment and Third Way.

He leads portfolio management and research activities.

Before founding Third Point, Mr. Loeb 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, he 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, he 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, he 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.

He has served on numerous Board Committees including Executive, Compensation, Nominating and Corporate Governance, and Business Strategy.

Mr. Loeb graduated from Columbia University with an A.B. in economics in 1983,


Current positions of Daniel Loeb 
NameTitle Since
Sothebys
(Home Furnishings Retailers)
Independent Director 2014
Third Point Ventures LLC Founder & CEO 1995
Success Academy Charter Schools, Inc. Chairman -
The Mount Sinai Hospital Trustee -
The United States Olympic Endowment Trustee -
Prep for Prep Trustee -
The Museum of Contemporary Art, Los Angeles Trustee -
Third Way Trustee -
The Brookings Institution Member -
Council on Foreign Relations, Inc. Member -
The Washington Institute for Near East Policy Member -
Third Point LLC Chief Executive Officer 1995


Holdings of Daniel Loeb 
NameEquities%Valuation
Third Point Reinsurance Ltd (TPRE)
Reinsurance
8,881,4518.91%119,011,443 USD
Third Point Offshore Investors Ltd (TPOU)
745,7421.49%11,782,724 USD
Green Brick Partners Inc (GRBK)
Homebuilding
128,2450.25%1,340,160 USD


Daniel Loeb : Personal Network 
NameLinked companies
Ian Goeffrey Wallace Third Point LLC
Munib Ziaul Islam Third Point LLC
David Whalen Bonanno Third Point LLC
Leon Black Council on Foreign Relations, Inc.
Prep for Prep
The Mount Sinai Hospital
Diana L. Taylor Sothebys
Council on Foreign Relations, Inc.
James Tisch Council on Foreign Relations, Inc.
The Museum of Contemporary Art, Los Angeles
The Mount Sinai Hospital
Peter R. Orszag The Brookings Institution
The Mount Sinai Hospital
Council on Foreign Relations, Inc.
John Thornton Council on Foreign Relations, Inc.
The Brookings Institution
Mortimer Zuckerman The Washington Institute for Near East Policy
Council on Foreign Relations, Inc.
Joshua J. Harris The Mount Sinai Hospital
Council on Foreign Relations, Inc.


Biography of Daniel Loeb 
Daniel Seth Loeb (born December 18, 1961) is the founder and chief executive of Third Point LLC, a New York-based hedge fund with $12.9 billion in assets.

Biography
Loeb was raised in a Jewish family in the Los Angeles area, one of three children of Ronald and Clare Spark Loeb. His father was a partner at the Los Angeles law firm of Irell & Manella LLP and general counsel for Williams-Sonoma. His mother is a historian. Loeb’s great-aunt, Ruth Handler, created the Barbie doll and co-founded Mattel Inc.

According to Bloomberg Markets Magazine, Loeb grew up in Santa Monica Canyon in California, and attended Palisades Charter High School, commonly known as 'Pali High' in the Pacific Palisades neighborhood of Los Angeles. Later, he attended University of California at Berkeley for two years before subsequently graduating from Columbia University with a degree in Economics.

Prior to founding Third Point in 1995, Loeb worked at Citicorp and Warburg Pincus.

He is also a founding Master Player of the Portfolios with Purpose virtual stock trading contest.

Opinions

Loeb is well known in the financial world for writing public letters, in which he expresses disapproval of the performance and conduct of other financial executives. Supporters contend his letter writing is effective shareholder activism; critics counter that his letters are distracting for executives and uncomfortable for investors. Less than 10% of Third Point's total assets under management goes to shareholder activism.

Loeb has argued that the United States government is undergoing a 'crisis of leadership'; in his opinion, the administration of President Barack Obama is committed to 'redistribution rather than growth'.

In 2013, Loeb was a signatory to an amicus curiae brief submitted to the Supreme Court in support of same-sex marriage during the Hollingsworth v. Perry case.


Source @ Wikipedia



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Daniel Loeb : Connections 
U.S. News & World Report LP
Wyndham International, Inc.
Dartmouth College


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