Hedge Fund Giant Daniel Loeb Beats the Market with Yahoo, and Cheniere Energy

In a difficult quarter for hedge funds, and rather pleasant one for the S&P 500, Daniel Loeb bested the market with a 13.3% in his Ultra Fund in the first three months of the year, according to CNBC. By comparison, the S&P returned 10%, and the average hedge fund eked out just 3.13%. Loeb, the leader of hedge fund Third Point well known for his stormy business shakeups in his activist investment targets and event-driven investment strategy, saw several points of his strategy blossom this year.

http://www.forbes.com/sites/gurufocus/2013/04/04/hedge-fund-giant-daniel-loeb-beats-the-market-with-yahoo-and-cheniere-energy/