Friday, 29 May 2015
Last updated 4 min ago
Apr 5 2012 | 1:03pm ET
Third Point and Greenlight Capital were among the hedge fund industry's winners in the first quarter.
New York-based Third Point's Ultra Fund rose 10% on the quarter after rising 2.3% in March. The firm's Partners Fund added 7.1%.
Greenlight did slightly less well, adding just 6.9%, Reuters reports.
While both Third Point and Greenlight easily topped their peers, according to industry indices, both trailed the broader markets, with the Standard & Poor's 500 Index gaining 12% in the first quarter.
Not every hedge fund compares unfavorably to the S&P500: T2 Partners rose 23.6% in the first three months.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…