Tuesday, 21 February 2017
Last updated 36 min ago
Dec 2 2013 | 7:10am ET
Third Point and Greenlight Capital continued their strong runs in 2013 with impressive November gains.
The New York-based firms returned 2.7% and 4.7%, respectively, on the month. Greenlight is now up 19.1% on the year, The New York Times reports, while Third Point's Partners fund is up 23.2%.
Third Point's more highly-levered Ultra Fund is up 33.4% on the year after a 3.6% return in November.
Greenlight and the Ultra Fund both topped the Standard & Poor's 500 Index's 2.8% return last month. Of the three hedge funds, only Ultra has had a better year than the broad-market benchmark, which is up 26.6% in 2013.