Loeb, Laffont Hedge Funds Start Year With Big January Gains

(Bloomberg) Hedge fund managers Dan Loeb and Philippe Laffont are picking up this year where they left off in 2017: making lots of money. Loeb’s Third Point Ultra fund returned 5.5 percent in January and his Third Point Offshore fund rose 3.7 percent, according to a person familiar with matter. Laffont’s Coatue Qualified Partners surged 9.9 percent last month, according to an investor document seen by Bloomberg News.

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