Third Point, Greenlight Gain In March

Apr 3 2013 | 11:53am ET

Third Point is one of the few hedge funds that have been able to keep up with the rallying stock market this year, and punctuated its first quarter with a strong March.

The New York-based hedge fund's flagship Offshore Fund returned 2.8% last month and is up 9.2% on the year, the firm told investors Thursday. The more highly-levered Third Point Ultra rose 4.2% on the month and is up 13.3% on the year, Reuters reports.

That’s a rare feat for hedge funds in 2013: topping the Standard & Poor's 500 Index, which was up over 3% in March and 10% in the first quarter.

Greenlight Capital also reported March gains which bested most peers, but not Third Point. New York-based Greenlight returned 2.3% on the month and is up 6.1% on the year.


In Depth

Part II: Roubini Talks Risk, Recovery And The Threat Of A Triple Dip Recession

Oct 21 2014 | 12:41pm ET

In the second half of our interview with Nouriel Roubini, FINalternatives editor...

Lifestyle

Balyasny Pays Over $6M For Lakefront House

Oct 22 2014 | 10:29am ET

A venture headed by hedge fund manager Dmitry Balyasny just paid $6.2 million for...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

Deeply flawed risk benchmark

Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.