Tuesday, 27 January 2015
Last updated 4 hours ago
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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…