Billionaire investor Dan Loeb follows Warren Buffett and Marc Benioff into Snowflake | Markets Insider

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Billionaire investor Dan Loeb follows Warren Buffett and Marc Benioff into Snowflake

A CIO who earned up to 90% per trade during the March crash offers his 2 best strategies for protecting against Trump-driven volatility - and says the president's diagnosis will be the catalyst for a further sell-off

Snowflake contributed to an 11.7% gain for Third Point's portfolio last quarter, outstripping the S&P 500's 8.9% gain over the same period. Yet the fund's 3.6% gain for the year to September trailed the benchmark index's 8.9% rally. The software company is a natural fit for Third Point, which held stakes in Alibaba, Amazon, Adobe, Salesforce, Facebook, and other tech stocksThe same is true for Salesforce Ventures, the investment arm of Benioff's enterprise-software giant, which backed Snowflake before it went public and bought $250 million of its stock

 

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