Friday, 27 November 2015
Last updated 1 day ago
Mar 28 2013 | 11:38am ET
Third Point is well on its way to posting gains similar—or better—than those it enjoyed last year.
The New York-based firm's $1.7 billion Ultra Fund, which is more highly levered than its flagship Offshore Fund, is up 12.42% through March 13, according to HSBC Private Bank. The fund soared 34.5% last year.
Ultra was up 3.3% in the first half of March.
Third Point's Offshore Fund is up 8.5% through March 13.
The hedge fund has profited this year from its investments in Japan and Greece, and in AIG, Herbalife and Morgan Stanley. All five of the fund's top positions at the end of February were up through March 13.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…