Third Point Management is a New York-based hedge fund founded by Daniel S. Loeb in 1995. The firm operates as an employee-owned and SEC-registered investment advisor with approximately $16 billion in assets under management as of April 30, 2022. As of December 2016, it has returned an average of 15.7% a year since inception. Headquartered in New York City, the firm also has six additional offices: in Sunnyvale, California; Los Angeles, California; Stamford, Connecticut; Bangalore, India; Hong Kong; and London.