Third Point, Greenlight Up Almost 3% In July

Aug 7 2013 | 11:50am ET

A pair of prominent hedge fund activists continued their winning ways in July.

Both Daniel Loeb's Third Point and David Einhorn's Greenlight Capital posted gains just shy of 3% last month, Reuters reports. Third Point's flagship Offshore Fund rose 2.9% and Greenlight 2.8%.

The gain puts the latter into double-digits for the year, with a return of 10.3% through 2013's first seven months. Third Point was already there, and is now up 15.9%. A more highly-levered version Third Point's main strategy, its Ultra Fund, is up 23.6% on the year after a 4.1% jump in July.


In Depth

Q&A: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...

 

From the current issue of