Tuesday, 2 September 2014
Last updated 3 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.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...