Hedge Fund and Third Point Reinsurance Ltd.

Third Point Reinsurance Ltd.: We believe Q3 economic data will be decisive and likely drive action by the U.S. Fed during the second half of the year, Loeb said today on a conference call discussing results at Third Point Reinsurance Ltd., the Bermuda-based company that counts on his hedge fund to oversee its investment portfolio, according to Bloomberg. Loeb focuses on event-driven investing, buying and selling stocks or bonds of companies going through changes like spinoffs or mergers. He also bets on macroeconomic trends. Through his hedge-fund firm Third Point LLC, he has pushed companies including Yahoo! Inc. and Sony Corp. to shift strategies with the goal of driving up share prices and Billionaire hedge-fund manager Dan Loeb is betting that the Federal Reserve will act sooner rather than later as the U.S. economy rebounds. The Fed has begun to wind down its bond-buying program, known as quantitative easing, as the U.S. labor market improves and consumers increase spending. The central bank is also weighing when to lift its target interest rate , which has been near zero since 2008. (news.financializer.com). As reported in the news.