Tuesday, 21 February 2017
Last updated 3 days ago
Jul 3 2014 | 7:31am ET
Third Point may have trouble posting a third-straight year of 20%-plus performance after a relatively rocky first half.
The New York-based hedge fund returned 6% in the first half, Reuters reports, leaving it a long way from the 25% it earned last year and the 21% it rose to in 2012. The $14 billion firm is handily topping its peers, however, who managed a roughly 2% gain in the first six months of 2014.
Firm founder Daniel Loeb two months ago moved to brace investors for what could be more of the same in the second half, warning that the markets are likely to be choppy for the remainder of the year.