Third Point Up, Greenlight Down In Jan.

Feb 3 2011 | 2:18pm ET

Third Point, whose hedge funds soared between 32.8% and 41.7% last year, stayed hot in January. The New York-based firm's funds all posted returns in excess of the broader markets on the month.

Dan Loeb's Third Point Ultra fund did best, rising 5.4%, better than twice the return of the Standard & Poor's 500 Index for the first month of the year, which was 2.26%. Third Point Partners rose 4.2% on the month, Third Point Offshore 3.9% and Third Point Partners Qualified 3.7%.

Third Point's returns were obtained by

Investors with Greenlight Capital, which also enjoyed a frothy 2010, got somewhat less good news. The firm's Offshore fund lost 0.6% in January, Dealbreaker reports.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...