Tuesday, 21 October 2014
Last updated 1 hour ago
Jul 30 2014 | 9:10am ET
Just seven months after returning capital to clients for the first time, Third Point has reopened to new investment, albeit for a short time only.
Firm founder Daniel Loeb told investors yesterday that Third Point’s flagship would accept new money until Oct. 1, The Wall Street Journal reports. He cited a number of specific opportunities for the change of heart.
Loeb did not say how much the now $15 billion firm would accept, or identify the opportunities he saw.
Third Point returned about $1.4 billion to investors at the end of last year, about 10% of its assets at the time. The firm said it was doing so to “moderate” its growth, following similar moves by other prominent hedge funds.
Third Point’s flagship is up 6% this year after returning 18% last year.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...