Loeb, Laffont Hedge Funds Start Year With Big January Gains

Third Point Offshore, Loeb’s main fund, climbed 3.7 percent
Laffont’s focus on tech boosted his flagship fund 9.9 percent

A view of midtown is seen from the penthouse apartment at the 50 United Nations Plaza building in New York, U.S., on Tuesday, June 7, 2016. About 3,574 newly built apartments will reach the market in 2016, according to brokerage Corcoran Sunshine Marketing Group.
Photographer: Michael Nagle/Bloomberg

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By Simone Foxman

February 1, 2018 at 11:02 PM UTC

This article is for subscribers only.

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.