Third Point Sold Its Full Stakes Danaher, Thermo Fisher, Tesla and Cinemark in February [Exclusive]

Third Point Investors declined 2.3% on a net-asset-value basis in February, versus a return of -0.7% for the MSCI World Index and a 1.3% decline for the S&P 500. Third Point’s share price rose 1.2% in February, reflecting a narrowing in the discount to net asset value from 22.3% to 19.6%. Third Point Partners Qualified declined 2.6% for a year-to-date return of 0.6%.

The recent moves by Dan Loeb's Third Point were disclosed in an email sent to investors, a copy of which was obtained by HedgeFundAlpha.

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Top contributors in February

February’s top contributors were Pacific Gas & Electric, Rolls-Royce, and...