Third Point Snaps Up AI Stocks And Credit In H1 [Full Letter]

Rupert Hargreaves

Published onAugust 8, 2023

Updated on August 8, 2023

Dan Loeb’s hedge fund, Third Point, returned 1.1% in the second quarter of 2023, according to a copy of the firm’s latest investor update, which ValueWalk has reviewed (the full letter can be found below).

Hedge Funds — denisismagilov / Depositphotos

Following this performance, the fund is down -3.0% for the year to the end of June compared to 16.9% for the S&P 500 index and 2.1% for the Credit Suisse HF Event-Driven Index.

While Third Point has lagged behind its benchmarks in 2023, its long-term performance is far more impressive. Since its inception in December 1996, the fund has returned...

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Rupert Hargreaves

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

Third Point Snaps Up AI Stocks And Credit In H1 [Full Letter]

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