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Third Point Bulks Up Distressed Debt Team Ahead Of Distressed Selling [Q3 Letter]

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Rupert Hargreaves
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Updated on
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Dan Loeb's Third Point hedge fund returned -3.2% in its flagship strategy according to its third-quarter update, a copy of which ValueWalk has been able to review.

Following this performance, the fund is down - 22.7% year to date compared to -23.9% for the S&P 500 index and 25.1% for the MSCI World Index.

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for Hedge Fund Alpha