Dan Loeb's Third Point returned -11.5% in its flagship fund for the first quarter of 2021, according to a copy of the hedge fund's quarterly investor update, which ValueWalk has been able to review.
The fund underperformed both the S&P 500 and the Credit Suisse Hedge Fund Event-Driven indices, which returned -4.6% and -2.4%, respectively. However, since its inception in June 1995, the fund has produced an annualized return of 17%, compared to 10.4% and 87.8%, respectively, for the benchmarks.
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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 ValueWalk
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