Sunday, 26 April 2015
Last updated 1 day 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…