2024-02-14 22:36:00 ET
Summary
- 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.
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Read the full article on Seeking Alpha
For further details see:
Third Point Q4 2023 Investor Letter