Saturday, 23 August 2014
Last updated 15 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.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note