Third Point Rises In August

Sep 5 2012 | 9:58am ET

Third Point may be getting some unwanted publicity today, but its investors are likely to be more interested in its continued success this year.

The New York hedge fund, which saw its name dragged through the mud in a lawsuit filed by the estranged wife of one its executives, said its flagship fund rose 1.8% last month, Reuters reports. Third Point Partners is up 7.9% on the year.

Third Point Ultra is doing even better: It's up 11.2% after rising 2.7% in August.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Future of Private Equity: New Opportunities, New Challenges

Feb 3 2017 | 6:41pm ET

The private equity industry’s astonishing rebound since the financial crisis has...

 

From the current issue of