Wednesday, 28 January 2015
Last updated 8 hours ago
Feb 2 2010 | 7:01am 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…