Friday, May 10, 2013
Loeb Says Japan Rally in Early Stages
Thanks to Will for passing this along.
Add hedge-fund manager Daniel Loeb to the list of big-name investors making bullish bets on Japanese stocks.
Loeb, who scored big gains on Greek debt over the past year, said Japanese leaders are making progress in their efforts to stamp out deflation and spark an economic turnaround after years of sluggish growth. Loeb’s hedge fund, Third Point, LLC, has been buying up shares of Japanese companies with a view that the Japanese rebound is “in the second inning” and will continue.