Tuesday, 4 August 2015
Last updated 6 hours 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.
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…