Loeb’s Third Point Bet on Banks Amid Trump Election Share RallyBy
Third Point, the sometimes-activist hedge fund run by Dan Loeb, took new stakes in a handful of banks including JPMorgan Chase & Co. in the fourth quarter, amid a rally in financial stocks after President Donald Trump’s election victory.
Loeb disclosed a $453 million stake in the New York-based bank — his fifth-biggest position — along with new holdings in Bank of America Corp., Goldman Sachs Group Inc. and PrivateBancorp Inc., according to a regulatory filing Friday…
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