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Billionaire Dan Loeb’s Top 10 Stock Picks Dan Loeb’s Hedge Fund’s Returns Daniel Seth Loeb is an American billionaire and hedge fund manager who founded Third Point Management in 1995. As of the end of 2020, the New York-based hedge fund has over $13 billion in managed securities. The 59-year-old billionaire whose worth stands at $3.6 billion proved his stock-picking skills in 2020 as his hedge fund gained 7.2% in December and 20.6% in 2020. When the hedge fund industry was getting clobbered by the short squeeze initiated by retail and Reddit investors, Third Point was gaining as the fund returned 1.9% in January. Talking about the GameStop drama in his latest letter to investors, Loeb said: ....