Wednesday, 29 July 2015
Last updated 5 min 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…