Jun 5 2009 | 11:20am ET
It took a strong May, but Third Point is back in the black.
The New York-based hedge fund enjoyed a better-than-average month as it played catch-up with the rest of the industry. All four of its funds did at least twice as well as Hedge Fund Research’s HFRX Global Hedge Fund Index, which added 3.15%, according to the firm’s monthly report, obtained by Dealbreaker.com.
And Third Point, headed by noted man of (angry) letters Daniel Loeb, needed it: The all four funds had actually lost ground through April.
Feb 3 2014 | 9:27am ET
In recognition of his extraordinary dedication to philanthropy, Marathon Asset Management’s Bruce Richards will be presented with the Award for Caring during the 16th Annual New York Open Your Heart to the Children Benefit, which takes place on Thursday, March 6. The gala, the largest gathering that Hedge Funds Care/Help For Children holds worldwide, will bring together 1,000 hedge fund executives to raise funds to help prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…