Dan Loeb Goes Bearish And Then Bullish Amid Turbulent Markets [Full Q2 2022 Letter]
Dan Loeb's flagship hedge fund, Third Point Offshore, returned -9.3% in the second quarter of 2022, while the firm's Ultra Fund returned -10.6%. Assets under management across the group at the end of June totaled $13.8 billion.
According to a copy of Third Point's second-quarter investor update, which ValueWalk has been able to review (the full letter can be found below), for the year to the end of June, the flagship fund returned -19.8%, and the Ultra Fund returned -24.6%. These numbers compare to -7.7% for Credit Suisse Event-Driven Index, -20% for the S&P 500 Index and -20.3% for the MSCI World Index (TR).
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