Friday, 31 July 2015
Last updated 16 hours 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…