Third Point Off To Slow Start In ‘14

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.


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

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

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of