The billionaire Dan Loeb was one of the many supporters of President Donald Trump who died by the pricing policies of his administration.
The prices, which disrupted equity and bond markets, were not carried out in a “conventional” manner, which scared foreign capital, Loeb said at the New York Economic Club.
The result: “This giant sound sitting from the capital returning to their original sources,” said the founder of the third point.
Loeb thinks that the administration must obtain “certain points on the board of directors” and conclude commercial agreements with key trade partners to help stem the flow of money. He identified India, Japan and Europe as potential targets for administrative prosecutors.
But even if it happens, he doubts that everything returns to normal or that it is even the bottom of the market.
“I think there will be a residual concern about part of the capricitus” of the prices, he said.
“All these things come with a cost,” he continued.
He said that a friend who runs an investment capital company has lost an allocation of a Chinese sovereign fund, which the country has threatened in the light of the prices that Trump administration has perceived on imports from China.
He is not the only big name of Wall Street hoping that Trump will soon reduce certain offers. Goldman Sachs CEO David Solomon told CNBC “Squawk Box” on Tuesday that an agreement or two could help “create a roadmap” for other countries and help put some confidence in the markets.
The LOEB fund is down almost 5% until April 15 for the year, about half of what the S&P 500 lost in value in 2025. It protects its portfolio by focusing mainly on events focused on events, such as merger arbitration opportunities and activism games, he said. Third point recently agreed with a new commission arrangement with Costar, a commercial data company.
In the meantime, he hopes Trump will focus on the conclusion of transactions and “will move away from the idea of taking control of the Fed”. Trump has repeatedly threatened the president of the federal reserve Jerome Powell for having reduced interest rates too slowly and warned that he could withdraw from his post. The subject that rocked the markets and injured the United States in the eyes of global investors.
“You have a lot of capital that comes out,” he reiterated.
businessinsider
