Saturday, 18 April 2015
Last updated 10 hours ago
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.
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…