The healthcare sector went on a tear beginning in 2011, thanks in large part to the passage of the Affordable Care Act and its impending implementat
Thursday, 19 January 2017
Last updated 10 hours ago
Feb 5 2014 | 9:37am ET
Third Point's winning streak came to an abrupt end after the ball dropped in Times Square.
The New York-based activist hedge fund's Offshore Fund dropped 1.8% in January, it told investors. The loss was first reported by Reuters.
Third Point was one of last year's top performers, ending 2013 up 25.2%. It was the Offshore's fund's second-straight year topping 20% returns, after it rose 21.1% in 2012.
In January, the $14 billion firm was likely hurt by falling stock prices: The Standard & Poor's 500 Index dropped 3.5% on the month.