Friday, 19 December 2014
Last updated 48 min ago
Jan 4 2011 | 2:27pm ET
Third Point, Greenlight Capital and Och-Ziff Capital Management posted double-digit returns for investors last years, according to reports from each of the firms.
New York-based Third Point, led by Dan Loeb, appears poised to be among the best-performing hedge funds of the year—if not the year's best. The firm's Partners fund was up an estimated 41.7% on the year after adding 7.4% last month, Dealbreaker reports. Third Point's other funds were up between 32.8% and 38.2% on the year.
David Einhorn's Greenlight also enjoyed a robust December, adding an estimated 4.3%. Its Offshore fund closed out the year at an estimated 12.5%, it told clients.
Och-Ziff, for its part, had a somewhat less strong December, with its flagship Master Fund adding just 0.78%. That fund was up 8.44% on the year. But its Special Investments Master Fund managed to hit double-digits with a 13.16% return, following a 1.58% bump in December.
Och-Ziff's other funds, Europe Master and Asia Master, rose 1.07% and 0.94% last month, respectively. The funds were up 7.23% and 10.08% in 2010, respectively.
The publicly-listed hedge fund said its assets under management held firm at $27.6 billion as of Jan. 1, despite its positive performance, due to roughly $240 million in net outflows.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
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