Friday, 27 March 2015
Last updated 2 hours ago
May 7 2013 | 11:53am ET
It took Third Point just four months to reach double-digit returns in 2013, putting the hedge fund on pace to exceed its 2012 returns and nearly match its huge 2011 returns.
Third Point Offshore rose 1.4% last month and is up 10.5% on the year. Last year, it returned more than 20%, and in 2011 about 40%.
Third Point said its biggest positions were Yahoo!, Virgin Media, American International Group, International Paper and Ally Financial. Yahoo! and AIG were among the chief reasons for the hedge fund's April gains, alongside its bets on Greek sovereign debt and Japan Tobacco. A Japanese macro investment also paid off.
On the other hand, Third Point lost ground on gold and Banco do Brasil, as well as two short positions.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…