Third Point Fund Tops 40%; Greenlight, Och-Ziff Also Up Big

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.


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