Third Point Funds Up 14.7%, 21.8% Through May

Jun 4 2013 | 12:02pm ET

Third Point's banner 2013 continued in May.

The $13 billion hedge fund saw its Third Point Ultra fund add 5.3% on the month; it is now up 21.8% on the year, Reuters reports. The New York-based firm's flagship rose 3.7% in May to hit 14.7% on the year.

The flagship returned 21% last year.


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Versum Materials (VSM), with a market capitalization of $2.7 billion, enables chipmakers to achieve higher performance at lower cost with enhanced reliability. Versum is a leading global provider of electronic materials for the integrated circuit and flat-panel display markets.