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 Dealbreaker.com.

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.


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