Dan Loeb’s Third Point Offshore Fund returned 9.1% for the fourth quarter, bringing its full-year return to 24.2% for 2024. Third Point Ultra gained 10.4% in the fourth quarter and was up 26.1% for the full year.
Meanwhile, the HFRI Event Driven Index returned a mere 1.1% for the quarter and 8.7% for the full year, while the S&P 500 gained 2.4% in the fourth quarter and 25% for the full year. The MSCI World Index declined 0.1% in the fourth quarter and is up 19.2% for 2024.
Read more hedge fund letters here
In addition to revealing its top equity contributors, Third Point’s H2 2024 investor call, a copy of which was obtained by Hedge Fund Alpha, revealed its top credit contributors and detractors — information that’s not been been report.
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full Article
