Third Point gains 3.8% in January
February 01, 2012
Lawrence Delevingne
Dan Loeb’s Third Point is off to a strong start after a flat 2011.
Investors who allocated to Dan Loeb last year, boosting Third Point’s assets by 77%, are already enjoying a happy new year. The flagship Third Point Offshore Fund gained an estimated 3.8% net of fees in January, according to an investor communication, and the levered Third Point Ultra rose 5.8%.
The offshore fund gained just 0.4% in 2011. In...
TAKE A FREE TRIAL
The full contents of this article are available to Absolute Return subscribers and trialists only.
To continue reading please, take a free trial, subscribe or log in.
Subscribe
Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.
Subscribe now