Exclusive: Third Point is diving into the private and SPAC markets [In-Depth]Michelle Jones
Dan Loeb's Third Point returned 11% in its flagship Offshore Fund and 13.2% in its Ultra Fund for the first quarter. For April, the Offshore Fund was up 1.7%, while the Ultra Fund gained 2.3%. The S&P 500 was up 6.2% for the first quarter, while the MSCI World Index gained 5%.
Third Point had about $17.3 billion in assets under management, including $800 million in the Third Point Structured Credit Opportunities Fund. The Third Point Venture Fund I held its first close on March 1 and raised more than $300 million. The second close is scheduled for June.
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