Monday, 27 February 2017
Last updated 2 days 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.