We have just obtained Daniel Loeb’s Third Point LLC second quarterly letter. Loeb has approximately $8.7 billion under management. In the letter, Loeb discusses Europe and various equity and credit positions the hedge fund holds. Loeb does not mention his fourth largest position, Chesapeake Energy anywhere in the letter. Below are some brief excerpts followed by the full letter in scribd:

via Dan Loebs Third Point Sells PRQ Equity and Debt | ValueWalk.