Dan Loeb loses key director at Third Point

One of the top directors at Dan Loeb’s hedge fund has left the firm, The Post has learned.

Tim Lash, who headed Third Point’s media, telecom and tech investments, and who helped Loeb pocket a $1 billion profit in its 2012 proxy fight with Yahoo!, left the $17.5 billion fund after 13 years, sources said.

Lash focused on event-driven, special situations; distressed debt; and activist investing, and he oversaw Third Point Ventures.

Third Point on Tuesday confirmed Lash was no longer with the firm — and said in the last year it hasn’t been as focused on media investments.

Only a few years ago Loeb was seen as a media mogul owning meaningful stakes in Yahoo!, Sony, Virgin Media and MGM.

After Third Point got Yahoo! to name Marissa Mayer as its chief executive, it was Loeb and Lash who pressured Mayer to make moves she was uncomfortable with — like share buybacks, according to the book “Marissa Mayer and the Fight to Save Yahoo!”

Lash could not be reached for comment.