Monday, 22 September 2014
Last updated 2 days 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%.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.