Third Point AUM Hit Record $10 Billion In November

Third Point’s assets under management (AUM) have hit a record of $10 billion, according to a shareholder letter. The value oriented hedge fund, which is run by Dan Loeb, is up 17.0% year to date. The hedge fund was up 2.9% in the month of November. Total AUM in the prior month was at $9.6 billion. The hedge fund operator’s flagship  fund now has total assets of slightly over $5 billion, as opposed to $4.87 billion last month. Net equity exposure decreased from 42% in October, to 38% in November. Loeb’s fund has net credit exposure of 27.7% and ‘other’ at 4.9%. In the…