Loeb Trounches Ackman in January, Despite Volatile Herbalife (HLF) Holding

February 6, 2013 8:26 AM EST Send to a Friend
According to the latest market data available, Dan Loeb's Third Point hedge fund outpaced Bill Ackman's Pershing Square in January, amid the battle royale over Herbalife (NYSE: HLF). Third point was said to record a 4.8 percent gain in the month, versus a 3.7 percent gain for Pershing Square.

In an annual shareholder meeting in New York, Loeb did note that he started buying Herbalife toward the end of 2012, when shares were trading at about $30. Though shares dropped about 40 percent early into 2013, Herbalife ended January 10.4 percent better.

Shares closed at $35.75 on Tuesday, putting Loeb ahead of the pack once again.

Other key holdings for Loeb include Yahoo! (Nasdaq: YHOO),JCPenney (NYSE: JCP), United Tech (NYSE: UTX), and Apple (Nasdaq: AAPL). For a broader list, click here.


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Hedge Funds, Trader Talk

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Daniel Loeb, William Ackman, Pershing Square Capital, Third Point LLC, Hedge Funds

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