Third Point Up 38% In ’09, Matches ’08 Drawdown

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%.


In Depth

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note