Dan Loeb's Third Point hedge fund gained 2.7% in October, bringing its year-to-date performance to 18.4%, nearing its best results since 2021. Key contributors included Taiwan Semiconductor Manufacturing and LPL Financial, while Bath & Body Works was a significant detractor. The fund's net long exposure in equities remains around 75%, with major positions in PG&E, Amazon, and UBS, the latter acquired after Credit Suisse's troubles.
Norsk E-Fuel, based in Norway, plans to construct the Alpha plant in Mosjøen/Nesbruket, aiming for a production capacity of 50 million liters per year by 2026, making it one of the largest in the region. The global e-fuel market, valued at $971.4 million in 2022, is projected to grow at a CAGR of 57.1% through 2030, driven by the demand for sustainable transportation and technological advancements. Europe is expected to dominate this market, with significant contributions from countries like Germany and Norway.
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