Third Point Ultra Up 12.42% Through Mid-March

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.


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...