Saturday, 27 December 2014
Last updated 3 days ago
Jun 3 2010 | 1:01pm ET
Like so many hedge funds, Dan Loeb's Third Point took a beating in May, but the activist hedge fund manager is still boasting strong year-to-date returns.
The firm's largest fund, Offshore, fell -5.6% in May but remains up for the year, gaining 12.% YTD, according to an investor letter obtained by Wall Street Tabloid Dealbreaker.
Third Point Partners L.P. was down -6.1% for the month and is also posting solid YTD returns, up 15.4% for 2010.
The Third Point Partners Qualified fund lost -5.7% in May, bring its performance to 12.4% YTD.
Finally, Third Point Ultra took the worst beating in May, losing -6.8% for the month, but it is still going strong with a return of 12.4% YTD.
May proved tough for many of Loeb's peers, with firms such as Paulson & Co, SAC Capital Advisors and Citadel Investment Group bleeding red during the month. According to the HFRX Global Hedge Fund Index, the average hedge fund lost -2.64% in May.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.