Third Point Down 1.8% In Jan.

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.


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

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

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of