Third Point’s Loeb Says Obama Policies Stymie Capital Markets
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Third Point LLC founder Daniel Loeb, who raised money for Barack Obama’s presidential campaign, said moves by the White House to increase financial regulation and change tax policy are creating “murky waters” for investors.
“This administration is operating from a playbook quite different from the one we are used to as American business people,” Loeb wrote in a nine-page letter to clients dated Aug. 27, a copy of which was obtained by Bloomberg News.