Third Point Down 1.8% In Jan.

Feb 5 2014 | 10:37am 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.


In Depth

Q&A: Star Mountain's Brett Hickey On Investing In 'The Growth Engine Of America'

Sep 22 2017 | 5:06pm ET

Lower middle-market companies form the economic fabric of the nation, but they can...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...