Activists Feast In October

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.


In Depth

Part II: Roubini Talks Risk, Recovery And The Threat Of A Triple Dip Recession

Oct 21 2014 | 12:41pm ET

In the second half of our interview with Nouriel Roubini, FINalternatives editor...

Lifestyle

Balyasny Pays Over $6M For Lakefront House

Oct 22 2014 | 10:29am ET

A venture headed by hedge fund manager Dmitry Balyasny just paid $6.2 million for...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

Deeply flawed risk benchmark

Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.