Wednesday, 27 August 2014
Last updated 10 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...