Thursday, 24 July 2014
Last updated 15 hours ago
Nov 2 2012 | 1:55pm ET
Third Point continued its strong run in 2012 last month as it nears the $10 billion asset level for the first time.
The New York-based hedge fund said its $4.87 billion flagship hedge fund was up 2.4% last month and is up 13.8% on the year, ValueWalk reports. Third Point founder Daniel Loeb credited much of the success with his bet on Greek debt, which has risen to become one of its three largest positions and was its biggest winner on the month.
Third Point is also investing in Greek stocks, and found success last month with Yahoo! Inc., Murphy Oil Corp., American International Group and Dolphin Capital Investors.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…