Saturday, 1 August 2015
Last updated 16 hours ago
Jan 4 2010 | 12:26pm ET
Activist hedge fund Third Point had a very good year, indeed.
The New York-based firm saw all four of its hedge funds soar at least 33% in 2009, according to a performance update obtained by Dealbreaker.com. Of course, its 2008 was worse than its 2009: The hedge fund, helmed by Daniel Loeb, lost 38% in the former.
Still, a strong December put Third Point closer to returning to its high-water mark. Its Ultra fund rose 5.3% to end the year up 44.2%. Its flagship Third Point Partners rose 5% last month to reach 38.2% on the year; the offshore version’s returns were 4.5% and 38.6%.
Third Point Partners Qualified added 4.4% in the last month of the year to finish 2009 up 33.3%.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…