RSS feedthird point
’Sell in May… Hedge funds hit hard
An end of May snapshot…
Tudor BVI Global MTD (2.26%) YTD: (0.49%)
Moore Global MTD: (9.15%) YTD: (6.17%)
Lansdowne UK Equity MTD: (3.98%) YTD: 1.07%
BlueTrend MTD: (8.3%) YTD: 1.49%
Viking Global Equities MTD: (3.2%) YTD:
Dear hedge fund investor… May has been a … multidirectional month
It’s not so much the depth of the losses — though in some instances they have been nasty — but rather, their breadth; across strategies, asset classes and managers, that has made May a particularly painful month for much of the hedge fund industry.
Egg on one’s face
It’s art hour here on FT Alphaville.
The Celebration series is comprised of an ambitious body of sixteen paintings and over twenty stainless steel sculptures focusing on toys, presents, and other small childhood objects,
SEC probes Third Point
Aggressive activist Dan Loeb’s hedge fund Third Point is being investigated by the Securities and Exchange Commission over talks its managers regularly have with rivals at other funds.
According to Third Point’s quarterly letter to investors last month,
Icahn gains hedge fund support on Yahoo
Third Point, a $5.7bn hedge fund headed by activist Dan Loeb, has recently accumulated a stake of over 5m shares in Yahoo and is supporting investor Carl Icahn’s proxy battle, Reuters reports. Third Point,
Subprime fears hit financial services IPOs
Investor nervousness over losses related to the US subprime lending crisis has hit demand for financial-services share offerings and prompted US Fed governor Ben Bernanke on Thursday to estimate the losses could reach up to $100bn,
Third Point delays fund float
The decision to float a fund at all – and specifically to list in London – was bold, said Lombard back in June, when hedge fund Third Point announced plans for a listing. Demand for shares in the capital’s first main market hedge fund,
Daniel Loeb’s edited highlights
News that Third Point, the activist hedge fund led by Daniel Loeb, is to list a €500m-€700m fund in London brings the undisputed master of the poison pen to the UK’s shores.
Known for his abrasive turn of phrase,and venomous tongue,
Loeb’s Third Point plans London listing
Daniel Loeb’s Third Point Capital on Thursday will announce plans to list a €500m-€700m hedge fund in London in the first move by a US hedge fund to raise money from European equity investors. The
Hedge fund activism – the Third Point way
Take note. With hedge fund activism a growing presence in Britain, it would be nice (or at least entertaining) if those taking aim at the UK’s underperformers would do it with a little flair.
Step forward,