Third Point gains 3.8% in January
By Lawrence Delevingne
Wed Feb 1, 2012
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...
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