Third Point Falls -11.5% In Q1, Outperforms In April With Energy Stocks [Full Letter] – ValueWalk Premium
Dan Loeb Third Point

Third Point Falls -11.5% In Q1, Outperforms In April With Energy Stocks [Full Letter]

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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