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Third Point LLC is an SEC-registered investment adviser based in New York. The firm was founded in 1995 by Daniel S. Loeb, who serves as Chief Executive Officer. Third Point focuses on event-driven, value-oriented investing.
Hertz Global and Veralto were amond the top losers for the quarter.
Looking ahead to 2024, the banking crisis last March caused banks to try to optimize their portfolios and sell the easiest, short duration assets that are capital intensive.
Dear Investor:
During the Fourth Quarter, Third Point returned 7.6% in the flagship Offshore Fund.
