Third Point Alum Bow Street Bullish On Media And Telecom

Bow Street, founded by Third Point alum Howard Shainker and Brahman alum Akiva Katz in 2011, netted a 1.5% return in Q3 in its master fund. This brings the year to date return for the long/short equity fund to +6.1%. The Bow Street Master Fund was up 11.5% in 2012, according to a shareholder letter reviewed by ValueWalk. Top performers The fund’s top contributors in the past quarter were Actavis PLC, Cheniere Energy, Inc. (NYSEMKT:LNG), LIN Media LLC (NYSE:TVL), which was a new position, Rite Aid Corporation (NYSE:RAD), and Nordion Inc (NYSE:NDZ). The fund thinks LIN Media, a local broadcasting company, can be…