Sunday, 29 March 2015
Last updated 1 day 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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…