Monday, 25 May 2015
Last updated 2 days ago
Apr 5 2010 | 1:08pm ET
The first quarter went out like a lion for hedge fund Third Point.
The $3 billion New York-based firm more than doubled its returns for the quarter last month, thanks in part to its credit and financials bets. The firm’s flagship Offshore fund added 8.1% in March, leaving up it 15.5% on the year.
The firm’s other funds did nearly as well, or better. Third Point Ultra added 9.1% on the month (16.5% YTD), Third Point Partners added 9% (16.9% YTD) and Third Point Partners Qualified added 8% (14.8% YTD).
Third Point’s funds rose about 38% last year.
This year, the hedge fund is benefitting from its big credit positions, which account for 64% of its total exposure. It also saw double-digit returns from its biggest financials holdings, Bank of America and Citigroup.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…