He is survived by Shirley Ross Loeb, his wife of 39 years, and five children. Others are Joshua and Gabriel from Shirley. Ruth was the President of the toy manufacturer, Mattel Inc.

She is remembered for inventing the Barbie doll. She died on 27th April in Century City, California due to complications from colon surgery.

Ruth was married to Elliot Handler in Earlier, Daniel explored several financial markets. His hedge fund returns were 6. Daniel predicted that markets for activist investors would improve as Donald Trump is President.

Simultaneously, Daniel is using his quantitative approaches to investing. He is also a trustee of the US Olympic Committee. Since short positions get larger as the losses increase, that indicates a substantial decrease in the short book.

Still, Third Point is now up While Loeb, like most hedge fund managers, does not disclose the names of his short positions, others in the business say some of the short book is expressed in indexes, or portfolio hedges.

Overall it has been a brutal year for short sellers since markets bounced back. Several dedicated short funds could go out of business this year, short sellers say.

Hadjivaltchev had worked as an analyst at Third Point between and , leaving in December. The loss taught him a lesson, he later said, in "overconcentrating positions".

From , Loeb worked at private equity firm Warburg Pincus. He moved on to become a Citigroup vice president from —95, in charge of high-yield bond sales.

In May , Loeb proposed splitting Sony 's entertainment and electronics businesses, arguing that such a split would increase profits. Actor George Clooney , whose Smokehouse Pictures production company has a contract with Sony's entertainment division, publicly opposed the proposal.

As of May , Sony remained 12 percent lower than when Loeb first suggested for them to split. Sony had its sixth annual loss in seven years with shares dropping 8.

Ayano Iguchi, a company spokeswoman, said Sony was "focused on creating shareholder value by executing on our plan to revitalize and grow the electronics business, while further strengthening the entertainment and financial service businesses.

In October , Loeb sold his shares in Sony and later wrote, "They have a long way to go and we continue to believe that more urgency will be necessary to definitively turn around the company's fortunes".

In October , Loeb issued a letter scrutinizing the governance of Sotheby's. These concerns are summarized as, "we are troubled by the Company's chronically weak operating margins and deteriorating competitive position relative to Christie's, as evidenced by each of the Contemporary and Modern art evening sales over the last several years.

William Ruprecht remained CEO and the proxy contest ceased. On March 16, , Sotheby's named Tad Smith as its new president and chief executive.

In late , Loeb's Third Point took a stake in Fanuc , a robotics and computer numerical controls firm. Prior, Fanuc seldom made direct contact with its investors but in March , the company decided "it would start talking to shareholders" and "return some of its cash to them.

In April , Loeb won a battle in his drive to shake up corporate Japan which had "been sheltered from agitating investors".

On April 7, Suzuki resigned after losing a boardroom dispute with Loeb. Isaka should be rewarded—not demoted—for his performance and commitment to delivering results for shareholders This isn't a dynasty.

This is a corporation. He owns 5. On Wall Street , Loeb has a reputation for "financial savvy" and for "his withering criticism of corporate executives who are unfortunate enough to stumble in his sights".

Loeb is well known in Hedgeworld for his attacks on what he views as greedy execs who also happen to be depressing shareholder value of shares he owns.

Often these letters cite the results of investigations he has ordered, detailing management decisions and actions he considers detrimental to shareholder value.

The letters usually accompany his government filings. He had a batch prepared for his high-school English teacher.

In a letter responding to a job inquiry by a U. We are a bunch of scrappy guys from diverse backgrounds Jewish , Muslim , Hindu etc who enjoy outwitting pompous asses like yourself in financial markets globally.

Loeb sent a letter to John Collins, chairman and CEO of InterCept, in , accusing InterCept of following "a ' good ol' boy ' set of ethics", pointing out that InterCept employed Collins' daughter and son-in-law, the latter of whom Loeb had recently reached by phone on a golf course during working hours.

Loeb further noted his discovery that InterCept leased a jet from a partnership controlled by Collins and another board member.

He wrote to Irik Sevin, CEO of Star Gas Partners, in February , calling him "one of the most dangerous and incompetent executives in America" and accusing him of "ineptitude" and of using the firm as his "personal 'honey pot'".

He wrote: "I was amused to learn, in the course of our investigation, that at Cornell University there is an 'Irik Sevin Scholarship'.

One can only pity the poor student who suffers the indignity of attaching your name to his academic record. A The New York Times article reported that many hedge-fund managers were now writing letters to the SEC demanding executives take specific actions and cited Loeb's letter to Sevin as exemplary of the genre, noting that three weeks after the letter was sent, "Sevin was gone, and a jubilant Mr.

Loeb sent out an e-mail message to friends and associates declaring a 'huge victory for Third Point. Loeb is a founding "Master Player" of Portfolios with Purpose , an annual virtual stock trading contest that raises money for charitable causes of the winning contestants' choice.

In , Loeb was reported as one of a number of "prominent investors [who] have taken to Transcendental Meditation ". Loeb was co-chair of the Governors for Investors Industry Loeb sat on the Board of Directors of Sotheby's and was the chair of the Board of the Success Academy charter network.

In , Loeb was a signatory to an amicus curiae brief submitted to the U. Supreme Court in Hollingsworth v. Perry , in support of same-sex marriage.

Loeb has donated to both Democrats and Republicans. Loeb is heavily involved in education reform efforts, specifically supporting charter schools.

He endowed the Daniel S. Loeb Scholarship for undergraduate study at Columbia University. Since , he has been a trustee of Prep for Prep, an organization in New York City that prepares underprivileged children to attend competitive private schools.

He is active in the Jewish Enrichment Center, which provides young people with an education in Judaism. Additionally, he is a co-founder of Students First New York, the state branch of the national education advocacy organization.

The two worldviews debated the morality of capitalism and free enterprise.