Loeb Sees More Opportunities in Japan as Fanuc Stake Makes Gains
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Billionaire Dan Loeb, whose Third Point hedge fund holds a stake in Yamanashi-based Fanuc Corp., said he has met with Japanese officials and expects that he’ll find more ways to spend money in the nation.
“We are excited about potential investment opportunities in Japan and met with companies and government officials on our visit a few weeks ago,” Loeb said in a conference call discussing results at Third Point Reinsurance Ltd., the Bermuda-based reinsurer that he co-founded. He didn’t say who attended the meeting or what was discussed.