Hedge Funds Performance

September flattens Third Point


Loeb’s performance suffers after a strong start to 2011.

  Dan Loeb
Dan Loeb’s Third Point is barely positive for the year after falling again in September.

The hedge fund firm’s $4.27 billion flagship offshore fund fell 3.5% for the month, leaving it up just 0.2% for 2011. The fund also fell 2.8% in August, bringing it down from a peak of 10.1% achieved after a 1.4% rise in April.

Third Point’s other funds also fell in September, according to estimated returns emailed to investors. Onshore Third Point Partners fell 3.7%, bringing it to negative 0.3% for the year. Third Point Partners Qualified fell 3.3%, bringing