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One of the most successful hedge funds over the last two decades is betting on global growth through stakes in a mall operator, an energy company and a payments processor.
In the third quarter, Dan Loeb's Third Point hedge fund made new investments in Macerich, a real estate investment trust for mall properties, oil refiner and seller Marathon Petroleum and Ohio-based payments processor Vantiv, according to a required quarterly filing released Thursday.
Loeb has roughly doubled the 's return over the last two decades and managed $18 billion, as of late October. Loeb told investors then in a letter he expects U.S. stocks will lead global markets higher.
Thursday's filing also showed Loeb's Third Point fund bought new stakes in Argentina-based financial services companies Grupo Financiero Galicia and Grupo Supervielle. Loeb also increased his holdings of China's e-commerce giant Alibaba.
— CNBC's Tae Kim contributed to this report.