Friday, 19 December 2014
Last updated 1 hour ago
Jan 3 2014 | 3:09pm ET
Third Point punctuated an impressive 2013 with another monthly gain.
The New York-based hedge fund's Offshore Fund jumped 2.3% in December to end the year up 25.2%, Reuters reports. The more highly-levered Third Point Ultra Fund added 3.4% last month to finish the year up 37.9%, making it one of the few hedge funds in 2013 to handily top the broader markets.
December's gains also helped Third Point top its 2012 returns, when Offshore rose 21.1% and Ultra 33.5%.
Third Point has $14 billion in assets under management.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.