Third Point Ends 2014 On A Down Note As Sothebys, Espirito Santo Fall

Dan Loeb's Third Point LLC suffered a negative return in the month of December, according to investment returns from Third Point Reinsurance's December stat sheet. Third Point was down 1.2% in the last month of 2014, which brought its total returns for the year to +5.2%.

Dan Loeb's firm manages over $17.5 billion across its different businesses, up from $14 billion last year. Despite the less than stellar return this year, the fund managed to talk up the shares of a few companies this year. Third Point's main hedge fund strategy, Third Point Offshore was up 2.4% in November, and returned +7.7% for the year. The returns of all investment accounts managed by Third Point LLC and the master hedge fund...