Third Point Surges 3.4% In January

Feb 2 2010 | 8:01am ET

Activist hedge fund Third Point enjoyed a hot start to 2010. The New York-based firm posted returns ranging from 3.4% to 4.2% across its funds in January, according to a letter to investors obtained by Dealbreaker.com.

Third Point’s largest fund, Offshore, rose 3.6% on the month, almost the precise opposite of the Standard & Poor’s 500 Index, which dropped slightly less than 3.6%.

Third Point Partners rose 3.4% last month. Third Point Partners Qualified was up 3.7%, and Third Point Ultra added 4.2%.

Third Point’s funds rose between 33% and 44% last year.


In Depth

Q&A: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...

 

From the current issue of