Third Point, Pershing Square See Average Septembers

Oct 6 2010 | 3:52am ET

A pair of famously vocal hedge fund managers turned in fairly average performances in September.

Daniel Loeb's Third Point Offshore Fund was up 3.9% last month, according to Dealbreaker.com. Its other funds were up between 4% and 4.5%. But there's nothing average about the New York-based firm's year-to-date numbers.

The Offshore fund is up 19.1% on the year, the firm told investors. Third Point Partners is up 22.2%, Partners Qualified is up 18.1% and Ultra is up 19.9%.

The average hedge fund was up about 3.5% last month, according to Credit Suisse's Liquid Alternative Beta indices, and about 5.5% on the year. That's much closer to the numbers turned in by Pershing Square Capital Management's International Fund.

William Ackman's $4.4 billion flagship added 3.4% net of fees last month. It is up 6.5% on the year.


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