Wednesday, 1 October 2014
Last updated 12 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.
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...