Billionaire Dan Loeb, the head of $15 billion hedge fund Third Point, has his eyes set on a $20 billion prize. The money manager’s first-quarter letter to investors, which was released on April 27, revealed a plan for Honeywell International Inc. (NYSE:HON) that Third Point believes could increase shareholder value by more than $20 billion. Third Point opened a Honeywell position in the fourth quarter containing 1.375 million shares worth over $159 million, ranking it as the fund’s 21st-most...
