DAN LOEB: We Saw A Big Japan Trade Coming A Year Ago

Dan Loeb has been doing pretty well with the macro bets recently at his hedge fund, Third Point Partners. The fund just released its first quarter investor letter today, and Loeb devoted some space to the big Japan trade that is captivating the global macro community right now. Loeb says he gained a meaningful insight from a visit to Japan a year ago, well before the big short Japanese yen, long Japanese stocks trade really took off (which was closer to the fourth quarter of 2012). "We recognize...