Third Point gains big on transformational tech in Q3

Third Point’s Dan Loeb recently highlighted a continued upswing for event-driven investing led be some lesser-known players in AI and machine learning.

The Third Point Offshore Fund logged gains of 29.5% for the year-to-date through September 30, according to an investor letter obtained by Alternatives Watch.

Loeb wrote that the $17 billion firm’s top performers on a percentage basis last quarter were AI-driven consumer lending company Upstart and machine-learning based cyber security provider SentinelOne.

Upstart was up 153% over the quarter and . . .

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