Thursday, 2 October 2014
Last updated 36 min ago
Dec 5 2012 | 11:04am ET
Third Point is riding its strong 2012 to membership in the 11-figure club.
The New York-based firm's assets topped $10 billion for the first time last month, it told investors, up $400 million from the previous month. Third Point's flagship hedge fund, which accounts for half of its assets under management, added 2.9% in November and is up 17% on the year.
Third Point is among the biggest hedge fund investors in Greek debt, and that country's sovereign bonds were its best-performing investment in November. Greek bonds are the firm's second-largest holding, behind Yahoo! Inc. shares, which were its second-best performing holding last month.
Apple, one of the worst-performing stocks in Third Point's portfolio, has fallen from the hedge fund's list of top holdings.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...