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Dan Loeb on his prime successful performs and the way he dodged the GameStop brief squeeze

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Dan Loeb at 2014 WEF in Davos, Switzerland.

Justin Solomon | CNBC

Third Level’s Dan Loeb, who completed 2020 with a stable 20% return, mentioned his hedge fund was in a position to dodge steep losses attributable to the GameStop speculative buying and selling mania that burned a few of his friends.

The hedge fund supervisor additionally revealed his prime performers within the fourth quarter that propelled the fund to the nice yr, in accordance with his newest investor letter obtained by CNBC.