Third Point surges to $6.7 billion, adds to research team
By Lawrence Delevingne
Fri Apr 15, 2011
Dan Loeb’s fund increased assets by nearly $2 billion in the first quarter.
Dan Loeb’s Third Point has increased assets by nearly $2 billion in 2011 to $6.7 billion as of April 8, according to the firm’s first quarter investor letter.
Third Point managed $4.8 billion on January 1, according to AR’s Billion Dollar Club. Some of the asset growth is from strong performance—the Third Point Offshore Master Fund is up 8.6% through March, according to...
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