{"id":115157,"date":"2021-03-02T18:15:23","date_gmt":"2021-03-02T18:15:23","guid":{"rendered":"https:\/\/precoinnews.com\/?p=115157"},"modified":"2021-03-02T18:15:23","modified_gmt":"2021-03-02T18:15:23","slug":"loebs-third-point-hires-goldman-research-analyst-heath-terry","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/loebs-third-point-hires-goldman-research-analyst-heath-terry\/","title":{"rendered":"Loeb's Third Point hires Goldman research analyst Heath Terry"},"content":{"rendered":"

BOSTON (Reuters) – Billionaire investor Daniel Loeb has hired a prominent tech research analyst from Goldman Sachs to reinforce the team that handles venture investments at his Third Point LLC hedge fund, sources familiar with the matter said on Tuesday.<\/p>

FILE PHOTO: Danie Loeb, founder of Third Point LLC, participates in a panel discussion during the Skybridge Alternatives (SALT) Conference in Las Vegas, Nevada May 9, 2012. Reuters, Steve Marcus<\/figcaption>

Heath Terry, the technology, media & telecom business unit leader for Global Investment Research at Goldman, will join as a managing director at Third Point Ventures working from the firm\u2019s New York offices. He worked at Goldman for nearly a decade.<\/p>\n

Terry did not respond to a request for comment.<\/p>\n

Loeb announced the hire on a call with his colleagues just hours after Third Point completed the first round of fund raising for its first-ever dedicated venture capital fund.<\/p>\n

Third Point, which oversees $16 billion, has invested in start-ups for decades but this is the first time the firm, known for activist campaigns at companies ranging from Nestle to Yahoo, has raised a standalone venture fund.<\/p>\n

It had hoped to raise $300 million for the new fund and is expected to exceed the target at its first close, a source said.<\/p>\n

Terry will report to Loeb and work with Robert Schwartz, who has spearheaded venture investments at Third Point Ventures since 2000.<\/p>\n

While Third Point has rarely mentioned the business, Loeb recently began highlighting the team\u2019s contributions to the firm\u2019s overall success.<\/p>\n

\u201cToday, we are ideally situated with a purview of both public and private markets, a long track record, a strong reputation in helping build businesses, and the rationalization of valuations in the private space,\u201d Loeb wrote to his investors about the venture business late in 2020.<\/p>\n

Since 2015, Third Point\u2019s venture investments have \u201cgenerated returns that place us in the top decile of 2015 venture funds,\u201d Loeb wrote.<\/p>\n

He pointed to investments in online lending market place Upstart and cybersecurity startup SentinelOne, where Schwartz sits on the boards, as examples of the team\u2019s work.<\/p>\n

Looking ahead, Loeb said in the same letter that even though there may be some later stage investments, the bulk of the team\u2019s work will concentrate on Series B expansion stage opportunities in building a venture into a company and sitting on its board.<\/p>\n

While venture investing has long been part of the DNA at investment firms Tiger Global and Coatue Management, some hedge fund clients have objected to the long lock-ups and preferred their managers to focus on public company investments.<\/p>\n

That reluctance may now be ebbing, giving managers like Loeb an opportunity to dig deeper into the sector to create new sources of return.<\/p>\n

Third Point\u2019s Third Point Offshore Fund finished 2020 up 20.6%, its best return since 2013, when it gained 26%. In the first two months of 2021, it gained 4.1%.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

BOSTON (Reuters) – Billionaire investor Daniel Loeb<\/p>\n","protected":false},"author":3,"featured_media":115156,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23054],"tags":[],"yoast_head":"\nLoeb's Third Point hires Goldman research analyst Heath Terry - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/markets\/loebs-third-point-hires-goldman-research-analyst-heath-terry\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Loeb's Third Point hires Goldman research analyst Heath Terry - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"BOSTON (Reuters) – Billionaire investor Daniel Loeb\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/markets\/loebs-third-point-hires-goldman-research-analyst-heath-terry\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-02T18:15:23+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/03\/cnewsfotor94-1.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/markets\/loebs-third-point-hires-goldman-research-analyst-heath-terry\/\",\"url\":\"https:\/\/precoinnews.com\/markets\/loebs-third-point-hires-goldman-research-analyst-heath-terry\/\",\"name\":\"Loeb's Third Point hires Goldman research analyst Heath Terry - Pre Coin News\",\"isPartOf\":{\"@id\":\"https:\/\/precoinnews.com\/#website\"},\"datePublished\":\"2021-03-02T18:15:23+00:00\",\"dateModified\":\"2021-03-02T18:15:23+00:00\",\"author\":{\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/precoinnews.com\/markets\/loebs-third-point-hires-goldman-research-analyst-heath-terry\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/precoinnews.com\/markets\/loebs-third-point-hires-goldman-research-analyst-heath-terry\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/precoinnews.com\/markets\/loebs-third-point-hires-goldman-research-analyst-heath-terry\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/precoinnews.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Markets\",\"item\":\"https:\/\/precoinnews.com\/category\/markets\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Loeb's Third Point hires Goldman research analyst Heath Terry\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/precoinnews.com\/#website\",\"url\":\"https:\/\/precoinnews.com\/\",\"name\":\"Pre Coin News\",\"description\":\"precoinnews.com\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/precoinnews.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"mediabest\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"caption\":\"mediabest\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Loeb's Third Point hires Goldman research analyst Heath Terry - Pre Coin News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/precoinnews.com\/markets\/loebs-third-point-hires-goldman-research-analyst-heath-terry\/","og_locale":"en_US","og_type":"article","og_title":"Loeb's Third Point hires Goldman research analyst Heath Terry - Pre Coin News","og_description":"BOSTON (Reuters) – Billionaire investor Daniel Loeb","og_url":"https:\/\/precoinnews.com\/markets\/loebs-third-point-hires-goldman-research-analyst-heath-terry\/","og_site_name":"Pre Coin News","article_published_time":"2021-03-02T18:15:23+00:00","author":"mediabest","twitter_card":"summary_large_image","twitter_image":"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/03\/cnewsfotor94-1.jpg","twitter_misc":{"Written by":"mediabest","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/precoinnews.com\/markets\/loebs-third-point-hires-goldman-research-analyst-heath-terry\/","url":"https:\/\/precoinnews.com\/markets\/loebs-third-point-hires-goldman-research-analyst-heath-terry\/","name":"Loeb's Third Point hires Goldman research analyst Heath Terry - Pre Coin News","isPartOf":{"@id":"https:\/\/precoinnews.com\/#website"},"datePublished":"2021-03-02T18:15:23+00:00","dateModified":"2021-03-02T18:15:23+00:00","author":{"@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/precoinnews.com\/markets\/loebs-third-point-hires-goldman-research-analyst-heath-terry\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/precoinnews.com\/markets\/loebs-third-point-hires-goldman-research-analyst-heath-terry\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/precoinnews.com\/markets\/loebs-third-point-hires-goldman-research-analyst-heath-terry\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/precoinnews.com\/"},{"@type":"ListItem","position":2,"name":"Markets","item":"https:\/\/precoinnews.com\/category\/markets\/"},{"@type":"ListItem","position":3,"name":"Loeb's Third Point hires Goldman research analyst Heath Terry"}]},{"@type":"WebSite","@id":"https:\/\/precoinnews.com\/#website","url":"https:\/\/precoinnews.com\/","name":"Pre Coin News","description":"precoinnews.com","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/precoinnews.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"mediabest","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","caption":"mediabest"}}]}},"_links":{"self":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/115157"}],"collection":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/comments?post=115157"}],"version-history":[{"count":0,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/115157\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media\/115156"}],"wp:attachment":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media?parent=115157"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/categories?post=115157"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/tags?post=115157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}