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: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

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

CAIS: How Technology is Disrupting the Alternative Investment Industry

Nov 7 2017 | 5:35pm ET

If there’s one thing that alternative investment professionals can agree on, it...