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.


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Editor's Note