Wednesday, 20 August 2014
Last updated 6 hours 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.
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