Through cross-pollination and dynamic teamwork, we employ multiple strategies to actively shift exposures and help optimize risk-reward.
Pivoting to opportunity
Our Strategy
Third Point has a multi-decade track record of engagement with mature, publicly-listed companies advocating for operational or portfolio change in order to drive long-term shareholder value.
We aim to identify companies early in their lifecycle, where we can take a board seat, advise on go-to-market strategy, and help founders navigate capital markets as they eventually approach a public listing.
We have invested in structured credit, beginning with a focus on RMBS/CMBS and later extending to almost all forms of loan securitization. Our structured credit team also collaborates closely with the venture capital and financial equities teams.
Throughout our history, we have swiftly deployed capital during market dislocations into all types of credit securities, including government bonds. Credit has represented a majority of AUM several times in our history. We may also choose to participate in distressed workouts or on creditor’s committees.
Most of our team is comprised of sector specialists focused on both longs and shorts in event driven and fundamental equities. An event-driven approach helps us identify catalysts in mergers and acquisitions, restructurings, and other special situations that will unlock value. We also have a long history of short-selling individual securities.
Third Point's Leadership
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CEO & CIO
Daniel S. Loeb
Daniel S. Loeb is CEO of Third Point LLC, founded in 1995. Daniel has served on five publicly traded company boards: Ligand Pharmaceuticals; POGO Producing Co.; Massey Energy; Yahoo!; and Sotheby’s. Daniel’s philanthropic activities are driven by principles of individual human rights, including fighting against inequality and discrimination and for policies that lead to greater economic opportunity for all. Daniel graduated from Columbia University with an A.B. in economics, in 1983, endowed the Daniel S. Loeb Scholarship for undergraduate study there, and received the school’s John Jay Award for distinguished professional achievement. In October 2020, he was awarded the Alexander Hamilton Award for his philanthropic service by the Manhattan Institute.
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Partner & Head of Credit
Ian Wallace
Ian Wallace joined Third Point in 2009. Prior to joining Third Point, Mr. Wallace was the Managing Member of River Run Management, LLC, which he founded in 1999. River Run was a hedge fund focused on high yield and distressed investments and the firm shared office space with and partnered with Third Point on many successful distressed investments from 2000-2004. From 1989 to 1998, Mr. Wallace was a Managing Director with Oak Hill, an affiliate of the Robert M. Bass Group. Prior to Oak Hill, Mr. Wallace was a Vice President in the High-Yield Research group at First Boston, and a staff accountant at Arthur Andersen & Co. Mr. Wallace graduated from the University of Washington with a B.A. in Business Administration.
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Managing Director & Head of Structured Credit
Shalini Sriram
Shalini Sriram is the Head of Structured Credit at Third Point and sits on the firm’s risk committee, overseeing a range of investments from residential and commercial mortgage backed securities to the intersection of consumer finance and technology. Prior to joining Third Point in 2017, Ms. Sriram invested in structured credit at Scoggin Capital. From 2006 to 2012, Ms. Sriram was an Executive Director at Morgan Stanley, and Head of ABS CDO and RMBS trading. From 2002 to 2006, Ms. Sriram was an associate at Banc of America Securities on a proprietary ABS trading desk where she first structured and then traded CDOs. Ms. Sriram received a B.A. in Economics cum laude in three years from Wellesley College and an MBA from Columbia Business School.
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Managing Partner, Third Point Ventures
Rob Schwartz
Since June 2000, Mr. Schwartz has been Managing Partner of Third Point Ventures, the Menlo Park, California based venture capital arm of Third Point LLC, which is a registered investment adviser based in New York and the investment manager of the Third Point Funds. Mr. Schwartz is presently a director of NextSilicon, Sysdig, CipherTrace, Kentik, Kumu Networks, Aryaka, Upstart (Nasdaq:UPST), Precision Hawk, R2 Semiconductor, Rubicon Labs, SentinelOne, YellowBrick Data, Ushur, and Catalytic. Robert Schwartz was named to the Annual Always On List Of Top 100 Venture Capitalists. Previously, for 23 years, Mr. Schwartz was the President of RF Associates North, a privately held communications semiconductor manufacturer’s representative firm.
Our values focus on continual self and organizational improvement.