Friday, 26 December 2014
Last updated 2 days 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.