Sunday, 23 November 2014
Last updated 2 days ago
Nov 9 2010 | 10:09am ET
Activist investing paid off handsomely for a pair of prominent hedge funds in October.
Both Pershing Square Capital Management and Third Point saw their flagships rise about 5% last month. Not coincidentally, both firms are on their way to posting double-digit returns this year.
Third Point Partners rose 5.5% in October, while its Offshore fund added 5%. The former is now up an impressive 30.7% this year, while the latter is up 25.2%.
Third Point's other funds, Partners Qualified and Ultra, are no slouches, either, rising 4.7% and 6.2%, respectively, on the month, and 24.4% and 27.5%, respectively, on the year.
Pershing Square investors will have to make do with more modest returns at the firm's flagship International fund. William Ackman's fund added 4.9% before fees last month and is up 10.6% after fees for the year.
Nov 4 2014 | 9:45am ET
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