Wednesday, 6 May 2015
Last updated 15 hours 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…